Key Points
- Insider purchase: MJ Gleeson director Graham Prothero bought 74 shares at GBX 265 each, for a total investment of £196.10.
- Stock performance: Shares opened at GBX 257, down 1.2%, with a market capitalization of approximately £149.92 million and a 12-month trading range of GBX 214.09 to GBX 435.
- Analyst outlook: Berenberg lowered its price target from GBX 345 to GBX 310 but maintained a “Buy” rating; the stock’s overall analyst rating remains “Buy.”
MJ Gleeson plc (LON:GLE - Get Free Report) insider Graham Prothero bought 74 shares of the stock in a transaction on Monday, September 7th. The shares were bought at an average price of GBX 265 per share, with a total value of £196.10.
MJ Gleeson Stock Down 1.2%
Shares of LON GLE opened at GBX 257 on Thursday. The company has a current ratio of 3.87, a quick ratio of 0.89 and a debt-to-equity ratio of 7.86. The stock has a market capitalization of £149.92 million, a PE ratio of 10.48 and a beta of 0.62. The stock's fifty day simple moving average is GBX 267.27 and its two-hundred day simple moving average is GBX 265.99. MJ Gleeson plc has a 12-month low of GBX 214.09 and a 12-month high of GBX 435.
Wall Street Analyst Weigh In
Separately, Berenberg Bank dropped their price objective on MJ Gleeson from GBX 345 to GBX 310 and set a "buy" rating on the stock in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of GBX 310.
Get Our Latest Analysis on GLE
About MJ Gleeson
(
Get Free Report)
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.
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