Stefan Allanson Buys 76 Shares of MJ Gleeson (LON:GLE) Stock

MJ Gleeson plc (LON:GLE) insider Stefan Allanson bought 76 shares of MJ Gleeson stock in a transaction dated Monday, September 7th. The stock was acquired at an average cost of GBX 265 per share, with a total value of £201.40.

MJ Gleeson Stock Performance

GLE stock traded down GBX 3 during midday trading on Wednesday, hitting GBX 257. The company’s stock had a trading volume of 48,290 shares, compared to its average volume of 129,660. The stock’s 50-day moving average price is GBX 267.07 and its 200 day moving average price is GBX 266.61. The company has a quick ratio of 0.89, a current ratio of 3.87 and a debt-to-equity ratio of 7.86. MJ Gleeson plc has a 1 year low of GBX 214.09 and a 1 year high of GBX 435. The stock has a market cap of £149.92 million, a price-to-earnings ratio of 10.48 and a beta of 0.62.

Analyst Ratings Changes

Separately, Berenberg Bank reduced their price target on shares of MJ Gleeson from GBX 345 to GBX 310 and set a “buy” rating for the company in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 310.

MJ Gleeson Company Profile

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.