Sirius Real Estate (LON:SRE) Share Price Crosses Below 50 Day Moving Average of $122.85

Sirius Real Estate Limited (LON:SREGet Rating)’s share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 122.85 ($1.57) and traded as low as GBX 116 ($1.48). Sirius Real Estate shares last traded at GBX 118.20 ($1.51), with a volume of 2,793,095 shares.

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 142 ($1.81) target price on shares of Sirius Real Estate in a research report on Monday, April 11th.

The firm has a market capitalization of £1.39 billion and a PE ratio of 9.53. The company’s 50-day moving average price is GBX 122.68 and its 200-day moving average price is GBX 130.91. The company has a debt-to-equity ratio of 71.83, a quick ratio of 3.33 and a current ratio of 4.60.

In other news, insider Daniel (Danny) John Kitchen purchased 43,850 shares of the company’s stock in a transaction dated Tuesday, March 8th. The shares were acquired at an average cost of GBX 114 ($1.45) per share, for a total transaction of £49,989 ($63,712.72).

About Sirius Real Estate (LON:SRE)

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.

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