Sirius Real Estate (LON:SRE) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Sirius Real Estate Limited (LON:SREGet Free Report)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 99.08 and traded as low as GBX 96.30. Sirius Real Estate shares last traded at GBX 97.60, with a volume of 3,886,009 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Berenberg Bank lifted their target price 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. Jefferies Financial Group restated a “buy” rating and issued a GBX 114 price target on shares of Sirius Real Estate in a research note on Tuesday, April 14th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 125.

Read Our Latest Stock Analysis on Sirius Real Estate

Sirius Real Estate Stock Down 1.7%

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 firm has a market cap of £1.54 billion, a P/E ratio of 7.06 and a beta of 1.18. The company has a fifty day simple moving average of GBX 98.49 and a 200-day simple moving average of GBX 99.08.

Insider Buying and Selling

In other news, insider Kelly Cleveland bought 24,509 shares of Sirius Real Estate stock in a transaction dated Monday, February 16th. The shares were acquired at an average price of GBX 102 per share, with a total value of £24,999.18. Also, insider Chris Bowman acquired 14,705 shares of the business’s stock in a transaction on Monday, February 16th. The stock was acquired at an average cost of GBX 102 per share, for a total transaction of £14,999.10. In the last three months, insiders have acquired 88,233 shares of company stock valued at $8,999,766. Corporate insiders own 4.36% of the company’s stock.

About Sirius Real Estate

(Get Free Report)

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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