Sirius Real Estate (LON:SRE) Shares Pass Above Fifty Day Moving Average - What's Next?

Key Points

• Sirius Real Estate's stock crossed above its 50-day moving average (GBX 100.19), trading as high as GBX 101.90 and last at GBX 100.66 on a volume of 3,826,461 shares.
• Analysts are bullish: Berenberg raised its target to GBX 136 and maintained a "buy" rating, and four analysts rate the stock a Buy with a consensus target of GBX 127.75.
• Insiders have bought 88,233 shares in the past 90 days (including recent purchases by Kelly Cleveland and Chris Bowman at GBX 102), and insiders now own 4.36% of the company.

Sirius Real Estate Limited (LON:SRE - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 100.19 and traded as high as GBX 101.90. Sirius Real Estate shares last traded at GBX 100.66, with a volume of 3,826,461 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank boosted their target price on Sirius Real Estate from GBX 133 to GBX 136 and gave the stock a "buy" rating in a report on Monday, January 26th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, Sirius Real Estate has an average rating of "Buy" and a consensus target price of GBX 127.75.

Sirius Real Estate Trading Down 0.5%

The company has a debt-to-equity ratio of 85.07, a quick ratio of 1.49 and a current ratio of 0.93. The business has a fifty day simple moving average of GBX 100.19 and a 200 day simple moving average of GBX 98.64. The stock has a market capitalization of £1.57 billion, a price-to-earnings ratio of 7.20 and a beta of 1.16.

Insider Buying and Selling at Sirius Real Estate

In other news, insider Kelly Cleveland acquired 24,509 shares of the firm's stock in a transaction on Monday, February 16th. The shares were purchased at an average cost of GBX 102 per share, with a total value of £24,999.18. Also, insider Chris Bowman acquired 14,705 shares of the firm's stock in a transaction on Monday, February 16th. The stock was purchased at an average cost of GBX 102 per share, for a total transaction of £14,999.10. Insiders have bought a total of 88,233 shares of company stock valued at $8,999,766 in the last ninety days. 4.36% 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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