Sirius Real Estate (LON:SRE) Share Price Crosses Below 50 Day Moving Average - Time to Sell?

Key Points

• Sirius Real Estate Limited's share price has fallen below its fifty-day moving average of GBX 100.23, trading at GBX 96.85 recently.
• Despite the decline, analysts remain positive, with a consensus "Buy" rating and an average price target of GBX 118.33.
• Insiders have been active in the market, acquiring a total of 32,122 shares in the past ninety days, indicating confidence in the company's future.

Shares of Sirius Real Estate Limited (LON:SRE - Get Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 100.23 ($1.35) and traded as low as GBX 96.40 ($1.30). Sirius Real Estate shares last traded at GBX 96.85 ($1.31), with a volume of 3,276,492 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Peel Hunt reiterated a "buy" rating and issued a GBX 120 price target on shares of Sirius Real Estate in a research note on Monday, September 15th. Berenberg Bank reiterated a "buy" rating and issued a GBX 120 price target on shares of Sirius Real Estate in a research note on Wednesday, August 6th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of GBX 118.33.

Sirius Real Estate Trading Up 1.0%

The firm has a market capitalization of £1.48 billion, a PE ratio of 817.39 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 stock's fifty day simple moving average is GBX 100.23 and its 200 day simple moving average is GBX 94.09.

Insider Buying and Selling

In other news, insider Andrew Coombs purchased 28,750 shares of the stock in a transaction on Tuesday, July 29th. The shares were acquired at an average price of GBX 101 per share, with a total value of £29,037.50. Also, insider Chris Bowman purchased 1,686 shares of the company's stock in a transaction on Thursday, July 24th. The stock was purchased at an average price of GBX 101 per share, with a total value of £1,702.86. Over the last ninety days, insiders have acquired 32,122 shares of company stock valued at $3,244,322. 4.62% of the stock is 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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