MJ Gleeson (LON:GLE) Insider Stefan Allanson Buys 76 Shares of Stock

MJ Gleeson plc (LON:GLE) insider Stefan Allanson purchased 76 shares of the firm’s stock in a transaction on Monday, September 7th. The shares were acquired at an average price of GBX 265 per share, with a total value of £201.40.

MJ Gleeson Stock Down 1.2%

GLE traded down GBX 3 during trading on Wednesday, hitting GBX 257. 48,290 shares of the company’s stock were exchanged, compared to its average volume of 129,660. MJ Gleeson plc has a fifty-two week low of GBX 214.09 and a fifty-two week high of GBX 435. The stock has a market cap of £149.92 million, a P/E ratio of 10.48 and a beta of 0.62. The business’s 50 day moving average is GBX 267.07 and its two-hundred day moving average is GBX 266.61. The company has a quick ratio of 0.89, a current ratio of 3.87 and a debt-to-equity ratio of 7.86.

Wall Street Analyst Weigh In

Separately, Berenberg Bank cut their price target on MJ Gleeson from GBX 345 to GBX 310 and set a “buy” rating for the company in a research note on Thursday, June 11th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 310.

About MJ Gleeson

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.