Sirius Real Estate (LON:SRE) Share Price Passes Below 50-Day Moving Average - Should You Sell?

Sirius Real Estate Limited (LON:SRE - Get Free Report)'s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 94.42 ($1.29) and traded as low as GBX 94.15 ($1.29). Sirius Real Estate shares last traded at GBX 96.22 ($1.31), with a volume of 9,084,901 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank increased their price target on Sirius Real Estate from GBX 110 ($1.50) to GBX 120 ($1.64) and gave the company a "buy" rating in a research note on Monday, June 2nd.

Sirius Real Estate Stock Performance

The business has a 50 day moving average of GBX 94.57 and a 200 day moving average of GBX 85.55. The company has a market capitalization of £1.73 billion, a P/E ratio of 12.50 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.

Insider Buying and Selling

In other news, insider Chris Bowman purchased 15,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was bought at an average cost of GBX 97 ($1.32) per share, with a total value of £14,550 ($19,868.91). Insiders own 1.95% of the company's stock.

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.