MJ Gleeson (LON:GLE) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

MJ Gleeson plc (LON:GLE) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 280.20 and traded as high as GBX 284.50. MJ Gleeson shares last traded at GBX 276.50, with a volume of 344,788 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank cut 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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 310.

MJ Gleeson Price Performance

The company has a current ratio of 3.87, a quick ratio of 0.89 and a debt-to-equity ratio of 7.86. The stock has a 50-day moving average price of GBX 256.38 and a 200 day moving average price of GBX 280.16. The stock has a market capitalization of £160.42 million, a price-to-earnings ratio of 11.21 and a beta of 0.62.

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.