Sirius Real Estate (LON:SRE) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Shares of Sirius Real Estate Limited (LON:SRE) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 79.38 ($1.02) and traded as high as GBX 87.05 ($1.12). Sirius Real Estate shares last traded at GBX 86.45 ($1.12), with a volume of 27,952,846 shares.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 115 ($1.48) price target on shares of Sirius Real Estate in a report on Tuesday, December 17th.

Sirius Real Estate Price Performance

The company has a market capitalization of £1.56 billion, a PE ratio of 11.31 and a beta of 1.18. 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 stock has a 50 day moving average price of GBX 79.38 and a two-hundred day moving average price of GBX 85.65.

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.