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

Key Points

• Sirius Real Estate's stock price has recently exceeded its fifty-day moving average, trading at GBX 101.50 ($1.37) with a market cap of £1.53 billion.
• Berenberg Bank has reaffirmed a "buy" rating with a target price of GBX 120, contributing to an average rating of "Buy" among analysts.
• Recent insider transactions include the purchase of 49,622 shares by corporate insiders, reflecting confidence in the company's future performance.

Sirius Real Estate Limited (LON:SRE - Get Free Report) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 99.49 ($1.33) and traded as high as GBX 101.90 ($1.36). Sirius Real Estate shares last traded at GBX 101.50 ($1.36), with a volume of 4,341,521 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a "buy" rating and set a GBX 120 price target 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, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of GBX 117.50.

Sirius Real Estate Trading Down 2.7%

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 company has a 50 day moving average of GBX 99.60 and a 200 day moving average of GBX 92.06. The stock has a market capitalization of £1.49 billion, a price-to-earnings ratio of 821.98 and a beta of 1.18.

Insider Buying and Selling at Sirius Real Estate

In other news, insider Chris Bowman acquired 15,000 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was acquired at an average cost of GBX 97 per share, with a total value of £14,550. Also, insider Andrew Coombs purchased 28,750 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were bought at an average cost of GBX 101 per share, with a total value of £29,037.50. Insiders purchased 49,622 shares of company stock worth $4,944,322 in the last three months. 4.62% of the stock is currently owned by corporate insiders.

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.