MJ Gleeson (LON:GLE) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of MJ Gleeson plc (LON:GLE) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 297.51 and traded as low as GBX 265.50. MJ Gleeson shares last traded at GBX 272, with a volume of 77,330 shares trading hands.

Analysts Set New Price Targets

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

MJ Gleeson Price Performance

The company has a fifty day simple moving average of GBX 245.36 and a 200 day simple moving average of GBX 296.49. The stock has a market capitalization of £165.09 million, a price-to-earnings ratio of 11.54 and a beta of 0.61. The company has a debt-to-equity ratio of 7.86, a quick ratio of 0.89 and a current ratio of 3.87.

Insider Buying and Selling

In other news, insider Fiona Clare Goldsmith bought 3,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was acquired at an average price of GBX 244 per share, with a total value of £7,320. 13.26% of the stock is owned by insiders.

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.