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

Sirius Real Estate logo with Real Estate background

Sirius Real Estate Limited (LON:SRE - Get Free Report)'s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 94.86 ($1.27) and traded as high as GBX 96.20 ($1.29). Sirius Real Estate shares last traded at GBX 95.95 ($1.29), with a volume of 4,981,705 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank upped their target price on shares of Sirius Real Estate from GBX 110 ($1.48) to GBX 120 ($1.61) and gave the company a "buy" rating in a research note on Monday, June 2nd.

Get Our Latest Report on SRE

Sirius Real Estate Price Performance

The business's fifty day moving average price is GBX 94.86 and its 200 day moving average price is GBX 86.63. The stock has a market cap of £1.73 billion, a P/E ratio of 12.55 and a beta of 1.18. The company has a debt-to-equity ratio of 60.06, a current ratio of 6.55 and a quick ratio of 1.49.

Insider Transactions at Sirius Real Estate

In other news, insider Chris Bowman acquired 15,000 shares of the business's stock in a transaction on Friday, June 6th. The shares were purchased at an average cost of GBX 97 ($1.30) per share, with a total value of £14,550 ($19,530.20). Insiders own 1.95% of the company's stock.

About Sirius Real Estate

(Get Free Report)

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.

Further Reading

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