MJ Gleeson (LON:GLE) Share Price Passes Above Fifty Day Moving Average – What’s Next?

MJ Gleeson plc (LON:GLE) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 385.53 and traded as high as GBX 435. MJ Gleeson shares last traded at GBX 420, with a volume of 10,844 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and set a GBX 500 price target on shares of MJ Gleeson in a report on Wednesday, September 17th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 500.

MJ Gleeson Stock Performance

The firm has a market capitalization of £246.34 million, a P/E ratio of 15.57 and a beta of 1.14. The company has a current ratio of 5.79, a quick ratio of 0.89 and a debt-to-equity ratio of 1.70. The company has a 50-day moving average of GBX 386.69 and a 200-day moving average of GBX 371.62.

Insider Activity

In other news, insider Stefan Allanson sold 658 shares of the firm’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of GBX 355, for a total transaction of £2,335.90. Insiders bought 425 shares of company stock worth $157,941 in the last ninety days. 13.25% of the stock is owned by company insiders.

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.