Insider Buying: MJ Gleeson (LON:GLE) Insider Purchases £196.56 in Stock

MJ Gleeson plc (LON:GLE) insider Leanne Johnson acquired 52 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were acquired at an average price of GBX 378 per share, for a total transaction of £196.56.

MJ Gleeson Price Performance

GLE opened at GBX 362 on Friday. The firm has a market cap of £211.32 million, a price-to-earnings ratio of 1,335.30 and a beta of 1.14. MJ Gleeson plc has a fifty-two week low of GBX 320 and a fifty-two week high of GBX 654. The company’s 50-day moving average price is GBX 356.52 and its 200 day moving average price is GBX 411.59. The company has a quick ratio of 0.89, a current ratio of 5.79 and a debt-to-equity ratio of 1.70.

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

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 500 price objective on shares of MJ Gleeson in a research note on Wednesday, September 17th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, MJ Gleeson currently has an average rating of “Buy” and an average price target of GBX 500.

About MJ Gleeson

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.