MJ Gleeson (LON:GLE) Shares Cross Below 200 Day Moving Average – Time to Sell?

MJ Gleeson plc (LON:GLE)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 269.52 and traded as low as GBX 268.50. MJ Gleeson shares last traded at GBX 270, with a volume of 35,823 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank lowered their price target on 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.com, MJ Gleeson has a consensus rating of “Buy” and a consensus target price of GBX 310.

MJ Gleeson Price Performance

The company has a current ratio of 3.87, a quick ratio of 0.89 and a debt-to-equity ratio of 7.86. The company’s fifty day moving average is GBX 266.11 and its two-hundred day moving average is GBX 268.89. The stock has a market cap of £150.22 million, a price-to-earnings ratio of 10.50 and a beta of 0.62.

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.