Sirius Real Estate (LON:SRE) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Sirius Real Estate Limited (LON:SRE) passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of GBX 92.53 and traded as high as GBX 95.53. Sirius Real Estate shares last traded at GBX 95.20, with a volume of 7,307,053 shares.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SRE shares. Peel Hunt reiterated a “buy” rating and set a GBX 125 target price on shares of Sirius Real Estate in a research report on Monday, October 12th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 134 target price on shares of Sirius Real Estate in a research note on Monday, October 5th. Finally, Jefferies Financial Group lowered their price objective on shares of Sirius Real Estate from GBX 108 to GBX 18 and set a “buy” rating for the company in a report on Thursday, October 15th. Five equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 105.40.

Sirius Real Estate Trading Down 0.2%

The company has a debt-to-equity ratio of 76.76, a quick ratio of 1.49 and a current ratio of 0.92. The stock’s 50-day simple moving average is GBX 92.53 and its 200-day simple moving average is GBX 96.52. The firm has a market capitalization of £1.50 billion, a PE ratio of 6.39 and a beta of 1.20.

Insider Buying and Selling at Sirius Real Estate

In other news, insider Chris Bowman bought 1,746 shares of the stock in a transaction dated Wednesday, August 12th. The stock was bought at an average price of GBX 97 per share, for a total transaction of £1,693.62. Also, insider Joanne Kenrick acquired 31,699 shares of the stock in a transaction on Friday, September 4th. The shares were purchased at an average cost of GBX 95 per share, with a total value of £30,114.05. In the last three months, insiders have bought 419,861 shares of company stock valued at $39,818,799. 4.47% 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.