MJ Gleeson (LON:GLE) Insider Buys £198.80 in Stock

MJ Gleeson plc (LON:GLE) insider Stefan Allanson purchased 70 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The shares were acquired at an average cost of GBX 284 per share, with a total value of £198.80.

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

• On Monday, September 7th, Stefan Allanson bought 76 shares of MJ Gleeson stock. The shares were bought at an average cost of GBX 265 per share, with a total value of £201.40.

MJ Gleeson Price Performance

MJ Gleeson stock opened at GBX 272 on Friday. The company has a debt-to-equity ratio of 3.34, a current ratio of 3.47 and a quick ratio of 0.89. The firm has a 50-day moving average of GBX 267.33 and a two-hundred day moving average of GBX 257.65. The stock has a market cap of £158.67 million, a price-to-earnings ratio of -81.93 and a beta of 0.62. MJ Gleeson plc has a 1 year low of GBX 214.09 and a 1 year high of GBX 435.

MJ Gleeson (LON:GLE) last announced its quarterly earnings results on Tuesday, September 15th. The company reported GBX 14.09 earnings per share for the quarter. MJ Gleeson had a negative net margin of 0.47% and a negative return on equity of 0.64%. On average, research analysts forecast that MJ Gleeson plc will post 35.14 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on GLE. Royal Bank Of Canada reiterated an “underperform” rating and issued a GBX 200 price target on shares of MJ Gleeson in a research note on Tuesday, September 15th. Berenberg Bank decreased their target price on shares of MJ Gleeson from GBX 310 to GBX 305 and set a “buy” rating for the company in a research report on Friday, September 18th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 252.50.

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.