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

Sirius Real Estate Limited (LON:SRE - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 80.26 ($1.03) and traded as high as GBX 86.50 ($1.12). Sirius Real Estate shares last traded at GBX 84.50 ($1.09), with a volume of 2,577,671 shares changing hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a "buy" rating and set a GBX 115 ($1.48) price objective on shares of Sirius Real Estate in a research note on Tuesday, December 17th.

Sirius Real Estate Stock Down 1.4 %

The business's 50 day simple moving average is GBX 80.91 and its 200 day simple moving average is GBX 84.67. The company has a market capitalization of £1.54 billion, a PE ratio of 11.17 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.

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.