MJ Gleeson (LON:GLE) Stock Crosses Below 200 Day Moving Average – Should You Sell?

MJ Gleeson plc (LON:GLE) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 316.60 and traded as low as GBX 227.49. MJ Gleeson shares last traded at GBX 238, with a volume of 83,721 shares traded.

Wall Street Analyst Weigh In

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

MJ Gleeson Price Performance

The company has a market cap of £146.42 million, a price-to-earnings ratio of 10.23 and a beta of 0.60. The company’s 50-day simple moving average is GBX 243.05 and its 200-day simple moving average is GBX 315.11. The company has a debt-to-equity ratio of 7.86, a current ratio of 3.87 and a quick ratio of 0.89.

Insider Activity

In other MJ Gleeson news, insider Fiona Clare Goldsmith purchased 3,000 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were acquired at an average price of GBX 244 per share, for a total transaction of £7,320. Insiders own 13.26% of the company’s stock.

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.