Sirius Real Estate (LON:SRE) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Sirius Real Estate Limited (LON:SRE)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 80.26 ($1.04) and traded as high as GBX 86.50 ($1.12). Sirius Real Estate shares last traded at GBX 84.50 ($1.10), with a volume of 2,577,671 shares traded.

Analyst Upgrades and Downgrades

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

Sirius Real Estate Price Performance

The company has a 50-day moving average price of GBX 80.54 and a two-hundred day moving average price of GBX 84.78. The company has a market cap of £1.52 billion, a PE ratio of 10.98 and a beta of 1.18. The company has a debt-to-equity ratio of 60.06, a current ratio of 6.55 and a quick ratio of 1.49.

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.