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

Sirius Real Estate Limited (LON:SRE)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 78.27 ($0.99) and traded as high as GBX 78.60 ($0.99). Sirius Real Estate shares last traded at GBX 77.85 ($0.98), with a volume of 1,793,729 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 115 ($1.45) target price on shares of Sirius Real Estate in a report on Tuesday, December 17th.

Sirius Real Estate Stock Down 1.5 %

The company’s 50-day moving average price is GBX 78.27 and its 200 day moving average price is GBX 88.14. The stock has a market cap of £1.41 billion, a PE ratio of 10.19 and a beta of 1.18. The company has a debt-to-equity ratio of 60.06, a quick ratio of 1.49 and a current ratio of 6.55.

Insider Activity at Sirius Real Estate

In other Sirius Real Estate news, insider Andrew Coombs purchased 5,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was acquired at an average cost of GBX 80 ($1.01) per share, for a total transaction of £4,000 ($5,046.68). 1.95% of the stock is currently owned by corporate 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.