MJ Gleeson (LON:GLE) Insider Acquires £201.40 in Stock

MJ Gleeson plc (LON:GLE) insider Stefan Allanson bought 76 shares of MJ Gleeson stock in a transaction on Monday, September 7th. The shares were bought at an average price of GBX 265 per share, for a total transaction of £201.40.

MJ Gleeson Price Performance

MJ Gleeson stock opened at GBX 247.50 on Friday. The firm has a market capitalization of £144.38 million, a P/E ratio of 10.09 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 business has a 50-day moving average of GBX 267.21 and a 200-day moving average of GBX 265.15. The company has a current ratio of 3.87, a quick ratio of 0.89 and a debt-to-equity ratio of 7.86.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their price objective on shares of 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, the stock currently has a consensus rating of “Buy” and an average price target of GBX 310.

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.