Graham Prothero Purchases 74 Shares of MJ Gleeson (LON:GLE) Stock

MJ Gleeson plc (LON:GLE) insider Graham Prothero purchased 74 shares of the firm’s stock in a transaction that occurred on Monday, September 7th. The stock was bought at an average price of GBX 265 per share, with a total value of £196.10.

MJ Gleeson Trading Down 1.2%

GLE traded down GBX 3 during trading on Wednesday, reaching GBX 257. The company had a trading volume of 48,290 shares, compared to its average volume of 129,660. The firm’s 50-day simple moving average is GBX 267.07 and its 200 day simple moving average is GBX 266.61. The company has a debt-to-equity ratio of 7.86, a quick ratio of 0.89 and a current ratio of 3.87. The company has a market cap of £149.92 million, a price-to-earnings ratio of 10.48 and a beta of 0.62. MJ Gleeson plc has a 12-month low of GBX 214.09 and a 12-month high of GBX 435.

Analysts Set New Price Targets

Separately, Berenberg Bank cut their price target on shares of MJ Gleeson from GBX 345 to GBX 310 and set a “buy” rating on the stock in a report on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently 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.