Sirius Real Estate (LON:SRE) Shares Break Above 50 Day Moving Average - Here's What Happened

Key Points

• Sirius Real Estate shares broke above their 50-day moving average, reaching GBX 95.53 before closing at GBX 95.20 on volume of about 7.3 million shares.
• Analysts maintain a positive outlook: all five covering analysts rate the stock a Buy, with a consensus price target of GBX 105.40. Berenberg and Peel Hunt set targets of GBX 134 and GBX 125, respectively.
• Insiders have recently increased their holdings, purchasing 419,861 shares worth approximately $39.8 million over the past 90 days; insiders now own 4.47% of the company.

Sirius Real Estate Limited (LON:SRE - Get Free Report)'s share price passed above its fifty day moving average during trading on Thursday. The stock has a fifty 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.

Wall Street Analyst Weigh In

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

Sirius Real Estate Stock Performance

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 fifty day simple moving average of GBX 92.53 and a two-hundred day simple moving average of GBX 96.52. The stock has a market capitalization of £1.50 billion, a price-to-earnings ratio of 6.39 and a beta of 1.20.

Insider Transactions at Sirius Real Estate

In other news, insider Chris Bowman acquired 1,746 shares of Sirius Real Estate stock in a transaction on Wednesday, August 12th. The stock was purchased at an average price of GBX 97 per share, with a total value of £1,693.62. Also, insider Joanne Kenrick acquired 31,699 shares of the stock in a transaction dated Friday, September 4th. The stock was bought at an average cost of GBX 95 per share, with a total value of £30,114.05. Insiders have purchased 419,861 shares of company stock valued at $39,818,799 in the last 90 days. 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.

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