Sirius Real Estate (LON:SRE) Stock Crosses Above 50-Day Moving Average - Here's Why

Sirius Real Estate Limited (LON:SRE - Get Free Report)'s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 94.86 ($1.28) and traded as high as GBX 96.20 ($1.30). Sirius Real Estate shares last traded at GBX 95.95 ($1.30), with a volume of 4,981,705 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank lifted their target price on Sirius Real Estate from GBX 110 ($1.49) to GBX 120 ($1.62) and gave the company a "buy" rating in a research note on Monday, June 2nd.

Sirius Real Estate Price Performance

The company has a debt-to-equity ratio of 60.06, a current ratio of 6.55 and a quick ratio of 1.49. The stock has a market capitalization of £1.79 billion, a P/E ratio of 12.99 and a beta of 1.18. The company's 50 day simple moving average is GBX 95.15 and its two-hundred day simple moving average is GBX 86.92.

Insiders Place Their Bets

In other news, insider Chris Bowman bought 15,000 shares of the business's stock in a transaction on Friday, June 6th. The shares were bought at an average cost of GBX 97 ($1.31) per share, for a total transaction of £14,550 ($19,670.14). 1.95% of the stock is owned by corporate 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.