Sirius Real Estate (LON:SRE) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Sirius Real Estate Limited (LON:SRE) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 99.35 and traded as low as GBX 95.40. Sirius Real Estate shares last traded at GBX 100.50, with a volume of 3,128,544 shares trading hands.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 120 target price on shares of Sirius Real Estate in a research report on Tuesday, June 2nd. Jefferies Financial Group reissued a “buy” rating and set a GBX 110 price target on shares of Sirius Real Estate in a research report on Thursday, June 25th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 134 price target on shares of Sirius Real Estate in a research note on Monday, June 1st. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 123.80.

Sirius Real Estate Trading Up 0.1%

The firm has a fifty day moving average of GBX 97.66 and a 200-day moving average of GBX 99.34. 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 has a market capitalization of £1.58 billion, a price-to-earnings ratio of 6.71 and a beta of 1.20.

Insider Buying and Selling at Sirius Real Estate

In related news, insider Chris Bowman bought 736,514 shares of the stock in a transaction dated Monday, June 22nd. The stock was acquired at an average price of GBX 97 per share, for a total transaction of £714,418.58. 4.41% of the stock is owned by insiders.

Sirius Real Estate Company Profile

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.