MJ Gleeson (LON:GLE) Stock: Insider Leanne Johnson Buys 70 Shares

MJ Gleeson plc (LON:GLE) insider Leanne Johnson purchased 70 shares of the firm’s stock in a transaction on Monday, October 5th. The shares were acquired at an average cost of GBX 288 per share, for a total transaction of £201.60.

Leanne Johnson also recently made the following trade(s):

• On Monday, September 7th, Leanne Johnson bought 76 shares of MJ Gleeson stock. The stock was purchased at an average price of GBX 265 per share, with a total value of £201.40.

MJ Gleeson Stock Down 2.4%

Shares of MJ Gleeson stock traded down GBX 6.50 during trading on Wednesday, hitting GBX 268.50. 51,261 shares of the stock traded hands, compared to its average volume of 127,090. The firm has a market cap of £156.63 million, a P/E ratio of -80.87 and a beta of 0.62. The company has a current ratio of 3.47, a quick ratio of 0.89 and a debt-to-equity ratio of 3.34. The stock’s fifty day simple moving average is GBX 267.56 and its 200 day simple moving average is GBX 257.61. MJ Gleeson plc has a 52-week low of GBX 214.09 and a 52-week high of GBX 435.

MJ Gleeson (LON:GLE) last announced its quarterly earnings data 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, equities analysts predict that MJ Gleeson plc will post 35.1412429 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Berenberg Bank reduced their price objective on MJ Gleeson from GBX 310 to GBX 305 and set a “buy” rating on the stock in a research note on Friday, September 18th. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a GBX 200 price objective on shares of MJ Gleeson in a research note on Tuesday, September 15th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.