MJ Gleeson (LON:GLE) Insider Graham Prothero Purchases 70 Shares of Stock

MJ Gleeson plc (LON:GLE) insider Graham Prothero purchased 70 shares of MJ Gleeson stock in a transaction on Monday, October 5th. The stock was purchased at an average price of GBX 284 per share, for a total transaction of £198.80.

Graham Prothero also recently made the following trade(s):

• On Monday, September 7th, Graham Prothero bought 74 shares of MJ Gleeson stock. The stock was purchased at an average price of GBX 265 per share, for a total transaction of £196.10.

MJ Gleeson Stock Down 2.4%

LON:GLE traded down GBX 6.50 on Wednesday, hitting GBX 268.50. 51,261 shares of the company’s stock were exchanged, compared to its average volume of 127,090. MJ Gleeson plc has a 52 week low of GBX 214.09 and a 52 week high of GBX 435. The company has a market cap of £156.63 million, a P/E ratio of -80.87 and a beta of 0.62. The firm has a 50-day moving average price of GBX 267.56 and a 200-day moving average price of GBX 257.61. The company has a debt-to-equity ratio of 3.34, a current ratio of 3.47 and a quick ratio of 0.89.

MJ Gleeson (LON:GLE) last released its earnings results on Tuesday, September 15th. The company reported GBX 14.09 earnings per share for the quarter. MJ Gleeson had a negative return on equity of 0.64% and a negative net margin of 0.47%. As a group, analysts expect that MJ Gleeson plc will post 35.1412429 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GLE. Berenberg Bank lowered their target price on shares of MJ Gleeson from GBX 310 to GBX 305 and set a “buy” rating on the stock in a research note on Friday, September 18th. Royal Bank Of Canada reissued an “underperform” rating and issued a GBX 200 price objective on shares of MJ Gleeson in a research note on Tuesday, September 15th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 252.50.

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.