Shares of MJ Gleeson PLC (LON:GLE) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $829.48 and traded as high as $816.35. MJ Gleeson shares last traded at $814.00, with a volume of 73,824 shares.
GLE has been the topic of a number of recent analyst reports. Peel Hunt upped their price target on MJ Gleeson from GBX 745 ($9.73) to GBX 800 ($10.45) and gave the stock a “hold” rating in a research report on Monday, September 16th. Peel Hunt upped their price target on MJ Gleeson from GBX 745 ($9.73) to GBX 800 ($10.45) and gave the stock a “hold” rating in a research report on Monday, September 16th. Liberum Capital reaffirmed a “buy” rating on shares of MJ Gleeson in a research report on Tuesday, September 24th. Finally, Berenberg Bank upped their price target on MJ Gleeson from GBX 900 ($11.76) to GBX 920 ($12.02) and gave the stock a “buy” rating in a research report on Monday, September 16th.
The business has a 50-day moving average price of GBX 829.48 and a 200-day moving average price of GBX 819.44. The firm has a market capitalization of $444.35 million and a price-to-earnings ratio of 13.61.
In related news, insider Christopher H. B. Mills sold 4,640 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of GBX 815 ($10.65), for a total value of £37,816 ($49,413.30).
About MJ Gleeson (LON:GLE)
MJ Gleeson plc engages in urban housing regeneration and strategic land trading activities in the United Kingdom. The company operates through two divisions, Gleeson Homes and Gleeson Strategic Land. It engages in house building activities on brownfield land in the north of England; and strategic land trading primarily in the south of England.
Further Reading: Outperform Rating
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