MJ Gleeson (LON:GLE) Insider Purchases £196.42 in Stock

MJ Gleeson plc (LON:GLE) insider Stefan Allanson purchased 46 shares of MJ Gleeson stock in a transaction that occurred on Monday, January 5th. The shares were bought at an average price of GBX 427 per share, with a total value of £196.42.

Stefan Allanson also recently made the following trade(s):

• On Friday, December 5th, Stefan Allanson acquired 50 shares of MJ Gleeson stock. The stock was bought at an average price of GBX 393 per share, for a total transaction of £196.50.
• On Wednesday, November 5th, Stefan Allanson acquired 57 shares of MJ Gleeson stock. The shares were purchased at an average cost of GBX 349 per share, for a total transaction of £198.93.
• On Friday, October 17th, Stefan Allanson sold 658 shares of MJ Gleeson stock. The shares were sold at an average price of GBX 355, for a total transaction of £2,335.90.

MJ Gleeson Stock Performance

GLE opened at GBX 418 on Friday. The firm has a fifty day moving average price of GBX 390.56 and a 200 day moving average price of GBX 372.46. MJ Gleeson plc has a 1 year low of GBX 320 and a 1 year high of GBX 538. The stock has a market cap of £244.00 million, a P/E ratio of 15.42 and a beta of 1.14. The company has a debt-to-equity ratio of 1.70, a current ratio of 5.79 and a quick ratio of 0.89.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 500 target price on shares of MJ Gleeson in a research note on Wednesday, September 17th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus 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, 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.