MJ Gleeson (LON:GLE) Insider Purchases 76 Shares of Stock

MJ Gleeson plc (LON:GLE) insider Leanne Johnson bought 76 shares of the business’s stock in a transaction that occurred 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 Price Performance

Shares of LON GLE traded down GBX 3 during mid-day trading on Wednesday, hitting GBX 257. 48,290 shares of the company’s stock traded hands, compared to its average volume of 129,660. The company has a market capitalization of £149.92 million, a P/E ratio of 10.48 and a beta of 0.62. MJ Gleeson plc has a 1 year low of GBX 214.09 and a 1 year high of GBX 435. The company’s 50-day moving average is GBX 267.07 and its two-hundred day moving average is GBX 266.61. The company has a debt-to-equity ratio of 7.86, a current ratio of 3.87 and a quick ratio of 0.89.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered their target price on MJ Gleeson from GBX 345 to GBX 310 and set a “buy” rating on the stock in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, MJ Gleeson currently has an average rating of “Buy” and a consensus target price of GBX 310.

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.