MJ Gleeson (LON:GLE) Insider Stefan Allanson Buys 57 Shares

MJ Gleeson plc (LON:GLE) insider Stefan Allanson bought 57 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were acquired at an average price of GBX 349 per share, with a total value of £198.93.

Stefan Allanson also recently made the following trade(s):

• On Friday, October 17th, Stefan Allanson sold 658 shares of MJ Gleeson stock. The stock was sold at an average price of GBX 355, for a total value of £2,335.90.
• On Monday, October 6th, Stefan Allanson acquired 52 shares of MJ Gleeson stock. The stock was purchased at an average price of GBX 378 per share, with a total value of £196.56.
• On Friday, September 5th, Stefan Allanson acquired 60 shares of MJ Gleeson stock. The stock was purchased at an average price of GBX 334 per share, with a total value of £200.40.

MJ Gleeson Stock Performance

LON GLE traded down GBX 2 on Thursday, reaching GBX 348. The stock had a trading volume of 350,959 shares, compared to its average volume of 149,381. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.89 and a current ratio of 5.79. MJ Gleeson plc has a 12-month low of GBX 320 and a 12-month high of GBX 589. The business’s 50-day moving average price is GBX 359.39 and its 200 day moving average price is GBX 397.73. The stock has a market cap of £203.14 million, a P/E ratio of 12.84 and a beta of 1.14.

MJ Gleeson (LON:GLE) last issued its quarterly earnings data on Tuesday, September 16th. The company reported GBX 28.88 earnings per share for the quarter. MJ Gleeson had a return on equity of 6.60% and a net margin of 5.59%. As a group, equities analysts expect that MJ Gleeson plc will post 35.1412429 earnings per share for the current year.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 500 target price on shares of MJ Gleeson in a report on Wednesday, September 17th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, MJ Gleeson presently has an average rating of “Buy” and a consensus price target of GBX 500.

About MJ Gleeson

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

Gleeson Homes is the leading low-cost, affordable housebuilder with the vision of “Building Homes. Changing Lives.” Focusing on areas where affordable housing is most needed in the Midlands and North of England, Gleeson Homes’ average selling price was £193,900, 34% lower than other housebuilders average selling price of £291,700 in the same geographic regions.