MJ Gleeson (LON:GLE) Receives “Buy” Rating from Berenberg Bank

MJ Gleeson (LON:GLE)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 500 target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 39.66% from the stock’s previous close.

MJ Gleeson Stock Down 1.6%

Shares of LON GLE opened at GBX 358 on Wednesday. MJ Gleeson has a 12 month low of GBX 320 and a 12 month high of GBX 654. The company has a current ratio of 5.79, a quick ratio of 0.89 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of £208.99 million, a price-to-earnings ratio of 1,268.15 and a beta of 1.14. The business has a 50-day moving average of GBX 352.87 and a 200-day moving average of GBX 422.01.

MJ Gleeson (LON:GLE) last issued its quarterly earnings results on Tuesday, September 16th. The company reported GBX 28.88 EPS for the quarter. MJ Gleeson had a net margin of 5.59% and a return on equity of 6.60%. Sell-side analysts expect that MJ Gleeson will post 35.1412429 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MJ Gleeson news, insider Nicola Bruce purchased 2,721 shares of MJ Gleeson stock in a transaction on Wednesday, July 9th. The shares were acquired at an average cost of GBX 370 per share, for a total transaction of £10,067.70. Insiders have purchased 2,943 shares of company stock worth $1,086,264 in the last quarter. 13.22% of the stock is owned by company insiders.

MJ Gleeson Company Profile

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land.

Gleeson Homes is the leading low-cost, affordable housebuilder with the vision of “Building Homes. Changing Lives.” Focusing on areas where affordable housing is most needed in the Midlands and North of England, Gleeson Homes’ average selling price was £193,900, 34% lower than other housebuilders average selling price of £291,700 in the same geographic regions.