MJ Gleeson (LON:GLE) PT Raised to GBX 710

MJ Gleeson (LON:GLEGet Rating) had its price objective hoisted by research analysts at Berenberg Bank from GBX 680 ($8.22) to GBX 710 ($8.58) in a report issued on Friday, LSE.Co.UK reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 43.37% from the company’s current price.

MJ Gleeson Price Performance

Shares of LON:GLE opened at GBX 495.22 ($5.98) on Friday. The business has a 50 day moving average price of GBX 496.56 and a 200 day moving average price of GBX 550.89. MJ Gleeson has a twelve month low of GBX 433 ($5.23) and a twelve month high of GBX 862.22 ($10.42). The company has a market cap of £288.74 million and a price-to-earnings ratio of 825.37. The company has a quick ratio of 0.90, a current ratio of 4.80 and a debt-to-equity ratio of 1.18.

Insider Buying and Selling at MJ Gleeson

In other news, insider Christopher H. B. Mills purchased 500,000 shares of the business’s stock in a transaction on Thursday, July 28th. The stock was purchased at an average price of GBX 515 ($6.22) per share, with a total value of £2,575,000 ($3,111,406.48). In other news, insider Christopher H. B. Mills purchased 500,000 shares of the business’s stock in a transaction on Thursday, July 28th. The stock was purchased at an average price of GBX 515 ($6.22) per share, with a total value of £2,575,000 ($3,111,406.48). Also, insider James Thomson purchased 10,000 shares of the business’s stock in a transaction on Wednesday, July 13th. The stock was purchased at an average cost of GBX 520 ($6.28) per share, with a total value of £52,000 ($62,832.29). Insiders bought a total of 510,037 shares of company stock valued at $262,719,610 in the last quarter.

About MJ Gleeson

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MJ Gleeson plc engages in low-cost house building and land promotion activities in the United Kingdom. The company operates through two divisions, Gleeson Homes and Gleeson Land. It also engages in the house building activities in the north of England and Midlands; and sale of land in the south of England.

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