Sirius Real Estate (LON:SRE) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Shares of Sirius Real Estate Limited (LON:SRE) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 78 ($1.01) and traded as high as GBX 84.80 ($1.10). Sirius Real Estate shares last traded at GBX 84.40 ($1.09), with a volume of 2,889,271 shares.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 115 ($1.49) price target on shares of Sirius Real Estate in a research note on Tuesday, December 17th.

Sirius Real Estate Stock Performance

The company’s 50 day moving average price is GBX 78.13 and its 200-day moving average price is GBX 86.16. The company has a debt-to-equity ratio of 60.06, a quick ratio of 1.49 and a current ratio of 6.55. The company has a market cap of £1.53 billion, a PE ratio of 11.06 and a beta of 1.18.

Insider Buying and Selling

In other Sirius Real Estate news, insider Andrew Coombs acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was bought at an average cost of GBX 80 ($1.03) per share, with a total value of £4,000 ($5,173.97). 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.