MJ Gleeson (LON:GLE) Insider Purchases £196.42 in Stock

MJ Gleeson plc (LON:GLE) insider Leanne Johnson acquired 46 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was purchased at an average cost of GBX 427 per share, with a total value of £196.42.

Leanne Johnson also recently made the following trade(s):

• On Friday, December 5th, Leanne Johnson bought 50 shares of MJ Gleeson stock. The shares were purchased at an average cost of GBX 393 per share, for a total transaction of £196.50.
• On Wednesday, November 5th, Leanne Johnson bought 57 shares of MJ Gleeson stock. The shares were purchased at an average price of GBX 349 per share, with a total value of £198.93.

MJ Gleeson Stock Performance

LON GLE opened at GBX 418 on Friday. The company has a debt-to-equity ratio of 1.70, a current ratio of 5.79 and a quick ratio of 0.89. The company has a market cap of £244.00 million, a P/E ratio of 15.42 and a beta of 1.14. The stock has a 50-day moving average of GBX 390.56 and a two-hundred day moving average of GBX 372.46. MJ Gleeson plc has a 1-year low of GBX 320 and a 1-year high of GBX 538.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 500 target price on shares of MJ Gleeson in a report on Wednesday, September 17th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 500.

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.