Leanne Johnson Buys 76 Shares of MJ Gleeson (LON:GLE) Stock

MJ Gleeson plc (LON:GLE) insider Leanne Johnson purchased 76 shares of the firm’s stock in a transaction dated Monday, September 7th. The shares were bought at an average price of GBX 265 per share, with a total value of £201.40.

MJ Gleeson Trading Down 1.2%

Shares of GLE stock traded down GBX 3 on Wednesday, hitting GBX 257. 48,290 shares of the company’s stock traded hands, compared to its average volume of 129,660. The stock has a market capitalization of £149.92 million, a price-to-earnings ratio of 10.48 and a beta of 0.62. MJ Gleeson plc has a one year low of GBX 214.09 and a one year high of GBX 435. 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’s fifty day simple moving average is GBX 267.07 and its 200 day simple moving average is GBX 266.61.

Wall Street Analysts Forecast Growth

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 equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 310.

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.