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

Key Points

• Sirius Real Estate's stock crossed above its 50-day moving average at GBX 98.69, trading as high as GBX 102, with the last price recorded at GBX 101.60.
• Berenberg Bank reiterated a "buy" rating for the stock, setting a target price of GBX 120, with an average consensus target of GBX 117.50 among analysts.
• Insiders have shown confidence in the company, acquiring a total of 49,622 shares worth approximately $4.9 million in the last 90 days.

Sirius Real Estate Limited (LON:SRE - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 98.69 ($1.32) and traded as high as GBX 102 ($1.37). Sirius Real Estate shares last traded at GBX 101.60 ($1.36), with a volume of 1,172,171 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 120 target price on shares of Sirius Real Estate in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of GBX 117.50.

Sirius Real Estate Stock Down 0.3%

The company has a debt-to-equity ratio of 60.06, a quick ratio of 1.49 and a current ratio of 6.55. The firm has a market capitalization of £1.83 billion, a PE ratio of 13.25 and a beta of 1.18. The company's 50 day simple moving average is GBX 98.69 and its 200-day simple moving average is GBX 90.74.

Insider Buying and Selling at Sirius Real Estate

In related news, insider Chris Bowman acquired 1,686 shares of the stock in a transaction dated Thursday, July 24th. The shares were purchased at an average price of GBX 101 per share, for a total transaction of £1,702.86. Also, insider Andrew Coombs acquired 28,750 shares of the stock in a transaction dated Tuesday, July 29th. The shares were bought at an average price of GBX 101 per share, for a total transaction of £29,037.50. In the last 90 days, insiders have bought 49,622 shares of company stock worth $4,944,322. Corporate 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.

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