Sirius Real Estate (LON:SRE) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Sirius Real Estate Limited (LON:SRE) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 99.10 and traded as low as GBX 94.85. Sirius Real Estate shares last traded at GBX 97.30, with a volume of 3,323,142 shares.

Analyst Upgrades and Downgrades

SRE has been the topic of a number of research reports. Berenberg Bank boosted their price objective on shares of Sirius Real Estate from GBX 133 to GBX 136 and gave the stock a “buy” rating in a research report on Monday, January 26th. Panmure Gordon lifted their price target on shares of Sirius Real Estate from GBX 125 to GBX 130 and gave the company a “buy” rating in a research note on Monday, November 24th. Peel Hunt reissued a “buy” rating and set a GBX 125 price target on shares of Sirius Real Estate in a research report on Tuesday, November 18th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Sirius Real Estate from GBX 115 to GBX 120 and gave the stock a “buy” rating in a research note on Friday, December 5th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 127.75.

Sirius Real Estate Trading Up 0.6%

The stock has a market cap of £1.54 billion, a price-to-earnings ratio of 7.04 and a beta of 1.16. The company has a quick ratio of 1.49, a current ratio of 0.93 and a debt-to-equity ratio of 85.07. The business’s 50 day simple moving average is GBX 101.81 and its 200 day simple moving average is GBX 99.09.

Insider Activity

In other news, insider Chris Bowman bought 14,705 shares of the company’s stock in a transaction dated Monday, February 16th. The shares were bought at an average cost of GBX 102 per share, with a total value of £14,999.10. Also, insider Kelly Cleveland bought 24,509 shares of the business’s stock in a transaction that occurred on Monday, February 16th. The stock was purchased at an average price of GBX 102 per share, with a total value of £24,999.18. In the last ninety days, insiders have bought 88,233 shares of company stock valued at $8,999,766. 4.36% of the stock is owned by company 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.