Sirius Real Estate (LON:SRE) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Sirius Real Estate Limited (LON:SRE)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 86.84 ($1.12) and traded as low as GBX 77.15 ($0.99). Sirius Real Estate shares last traded at GBX 78.40 ($1.01), with a volume of 3,806,961 shares.

Analyst Ratings Changes

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

Sirius Real Estate Price Performance

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 £1.42 billion, a P/E ratio of 10.28 and a beta of 1.18. The firm has a 50-day moving average price of GBX 77.72 and a 200-day moving average price of GBX 86.84.

Insider Buying and Selling at Sirius Real Estate

In other Sirius Real Estate news, insider Andrew Coombs bought 5,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was acquired at an average price of GBX 80 ($1.03) per share, with a total value of £4,000 ($5,155.97). Insiders own 1.95% of the company’s stock.

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.