Sirius Real Estate (LON:SRE) Share Price Passes Above Fifty Day Moving Average – What’s Next?

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 changing hands.

Analyst Upgrades and Downgrades

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

Sirius Real Estate Stock 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’s fifty day moving average price is GBX 79.38 and its 200-day moving average price is GBX 85.73. The company has a market capitalization of £1.56 billion, a P/E ratio of 11.31 and a beta of 1.18.

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.