Sirius Real Estate (LON:SRE) Share Price Crosses Below 200 Day Moving Average of $78.48

Shares of Sirius Real Estate Limited (LON:SRE – Get Rating) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 78.48 ($0.96) and traded as low as GBX 75.20 ($0.92). Sirius Real Estate shares last traded at GBX 75.20 ($0.92), with a volume of 8,071,282 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 123 ($1.50) price target on shares of Sirius Real Estate in a research note on Monday, November 21st.

Sirius Real Estate Stock Performance

The company has a debt-to-equity ratio of 83.98, a current ratio of 1.57 and a quick ratio of 1.49. The firm has a fifty day simple moving average of GBX 84 and a 200 day simple moving average of GBX 78.48. The company has a market capitalization of £887.36 million, a price-to-earnings ratio of 683.64 and a beta of 1.14.

Insider Transactions at Sirius Real Estate

In other news, insider Alistair Marks sold 1,000,000 shares of Sirius Real Estate stock in a transaction that occurred on Monday, January 16th. The stock was sold at an average price of GBX 85 ($1.04), for a total value of £850,000 ($1,035,953.69). In related news, insider Andrew Coombs bought 25,000 shares of the stock in a transaction that occurred on Wednesday, January 25th. The stock was purchased at an average cost of GBX 85 ($1.04) per share, with a total value of £21,250 ($25,898.84). Also, insider Alistair Marks sold 1,000,000 shares of the company’s stock in a transaction dated Monday, January 16th. The stock was sold at an average price of GBX 85 ($1.04), for a total value of £850,000 ($1,035,953.69). Corporate insiders own 2.84% of the company’s stock.

Sirius Real Estate Company Profile

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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.