MJ Gleeson (LON:GLE) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of MJ Gleeson plc (LON:GLE) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 304.54 and traded as low as GBX 214.09. MJ Gleeson shares last traded at GBX 245.50, with a volume of 289,938 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank decreased their target price on shares of MJ Gleeson from GBX 345 to GBX 310 and set a “buy” rating for the company in a research report on Thursday, June 11th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 310.

MJ Gleeson Trading Up 5.4%

The firm has a market capitalization of £143.21 million, a P/E ratio of 10.01 and a beta of 0.61. The business’s 50 day moving average is GBX 241.53 and its two-hundred day moving average is GBX 304.54. The company has a quick ratio of 0.89, a current ratio of 3.87 and a debt-to-equity ratio of 7.86.

Insider Buying and Selling at MJ Gleeson

In related news, insider Fiona Clare Goldsmith purchased 3,000 shares of MJ Gleeson stock in a transaction dated Thursday, May 7th. The stock was bought at an average cost of GBX 244 per share, with a total value of £7,320. Corporate insiders own 13.26% of the company’s stock.

MJ Gleeson Company Profile

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land.

Gleeson Homes, under the banner of “Building Homes. Changing Lives” builds high-quality affordable homes across the Midlands and North of England. To meet customer demand, and without compromising affordability, the range of homes available extends from one-bed apartments to five-bedroom houses. With a two-bedroom home available from £100,000, a key objective is to ensure that on all of our developments, a meaningful proportion of homes are affordable to a couple earning the National Living Wage.