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

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)'s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 98.69 ($1.33) and traded as high as GBX 102 ($1.38). Sirius Real Estate shares last traded at GBX 101.60 ($1.37), with a volume of 1,172,171 shares changing hands.

Analyst Upgrades and Downgrades

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

Sirius Real Estate Stock 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 business has a 50-day simple moving average of GBX 99.28 and a 200 day simple moving average of GBX 91.42. The firm has a market cap of £1.84 billion, a PE ratio of 13.34 and a beta of 1.18.

Insider Transactions at Sirius Real Estate

In other news, insider Andrew Coombs purchased 28,750 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The stock was bought at an average cost of GBX 101 per share, with a total value of £29,037.50. Also, insider Chris Bowman purchased 15,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were purchased at an average cost of GBX 97 per share, with a total value of £14,550. In the last ninety days, insiders bought 49,622 shares of company stock valued at $4,944,322. Corporate insiders own 1.95% of the company's stock.

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.