Sirius Real Estate (LON:SRE) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Sirius Real Estate Limited (LON:SRE) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 78.27 ($0.98) 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 trading hands.

Wall Street Analysts Forecast Growth

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

Sirius Real Estate Stock Performance

The stock has a market cap of £1.41 billion, a price-to-earnings ratio of 10.19 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. The company has a 50 day simple moving average of GBX 77.92 and a 200 day simple moving average of GBX 87.89.

Insider Buying and Selling at Sirius Real Estate

In other news, insider Andrew Coombs purchased 5,000 shares of Sirius Real Estate stock in a transaction dated Wednesday, December 18th. The shares were bought at an average cost of GBX 80 ($1.01) per share, for a total transaction of £4,000 ($5,033.35). Company insiders own 1.95% of the company’s stock.

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.