Sirius Real Estate (LON:SRE) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Sirius Real Estate Limited (LON:SRE)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 78 ($1.01) and traded as high as GBX 84.80 ($1.10). Sirius Real Estate shares last traded at GBX 84.40 ($1.09), with a volume of 2,889,271 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 115 ($1.49) price target on shares of Sirius Real Estate in a report on Tuesday, December 17th.

Sirius Real Estate Stock Performance

The company’s 50-day moving average price is GBX 78.13 and its two-hundred day moving average price is GBX 86.16. 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 market cap of £1.53 billion, a PE ratio of 11.06 and a beta of 1.18.

Insider Activity

In related news, insider Andrew Coombs acquired 5,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average price of GBX 80 ($1.03) per share, for a total transaction of £4,000 ($5,173.97). Corporate insiders own 1.95% of the company’s stock.

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.