Sirius Real Estate (LON:SRE) Stock Crosses Above 50-Day Moving Average – What’s Next?

Sirius Real Estate Limited (LON:SRE)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 77.71 ($0.98) and traded as high as GBX 80 ($1.01). Sirius Real Estate shares last traded at GBX 79.50 ($1.01), with a volume of 3,496,354 shares traded.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 115 ($1.46) target price on shares of Sirius Real Estate in a research report on Tuesday, December 17th.

Sirius Real Estate Stock Up 0.6 %

The stock has a fifty day moving average price of GBX 77.71 and a two-hundred day moving average price of GBX 87.46. The company has a market cap of £1.45 billion, a price-to-earnings ratio of 10.47 and a beta of 1.18. The company has a quick ratio of 1.49, a current ratio of 6.55 and a debt-to-equity ratio of 60.06.

Insider Buying and Selling

In related news, insider Andrew Coombs purchased 5,000 shares of Sirius Real Estate stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average price of GBX 80 ($1.01) per share, with a total value of £4,000 ($5,069.71). 1.95% of the stock is owned by insiders.

About Sirius Real Estate

Sirius is a property company listed on the main market and premium segment of the London Stock Exchange and the main board of the Johannesburg Stock Exchange. It is a leading operator of branded business parks providing conventional space and flexible workspace in Germany. The Company’s core strategy is the acquisition of business parks at attractive yields, the integration of these business parks into its network of sites under the Company’s own name as well as offering a range of branded products within those sites, and the reconfiguration and upgrade of existing and vacant space to appeal to the local market, through intensive asset management and investment.