MJ Gleeson (LON:GLE) Insider Acquires £196.10 in Stock

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

MJ Gleeson Stock Performance

Shares of LON GLE opened at GBX 247.50 on Friday. 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 stock has a 50 day moving average price of GBX 267.21 and a 200 day moving average price of GBX 265.15. The stock has a market capitalization of £144.38 million, a PE ratio of 10.09 and a beta of 0.62. MJ Gleeson plc has a 52 week low of GBX 214.09 and a 52 week high of GBX 435.

Analysts Set New Price Targets

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