MJ Gleeson (LON:GLE) Stock: Insider Stefan Allanson Acquires 70 Shares

MJ Gleeson plc (LON:GLE) insider Stefan Allanson purchased 70 shares of the company’s stock in a transaction dated Monday, October 5th. The stock was purchased at an average price of GBX 284 per share, for a total transaction of £198.80.

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

• On Monday, September 7th, Stefan Allanson acquired 76 shares of MJ Gleeson stock. The stock was purchased at an average cost of GBX 265 per share, for a total transaction of £201.40.

MJ Gleeson Trading Down 2.4%

LON:GLE traded down GBX 6.50 during midday trading on Wednesday, hitting GBX 268.50. 51,261 shares of the company traded hands, compared to its average volume of 127,090. 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 firm’s fifty day moving average is GBX 267.56 and its 200-day moving average is GBX 257.61. MJ Gleeson plc has a 12-month low of GBX 214.09 and a 12-month high of GBX 435. The firm has a market capitalization of £156.63 million, a P/E ratio of -80.87 and a beta of 0.62.

MJ Gleeson (LON:GLE) last posted its quarterly earnings results on Tuesday, September 15th. The company reported GBX 14.09 earnings per share (EPS) for the quarter. MJ Gleeson had a negative return on equity of 0.64% and a negative net margin of 0.47%. On average, sell-side analysts predict that MJ Gleeson plc will post 35.1412429 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GLE shares. Berenberg Bank dropped their price objective on shares of MJ Gleeson from GBX 310 to GBX 305 and set a “buy” rating for the company in a report on Friday, September 18th. Royal Bank Of Canada restated an “underperform” rating and issued a GBX 200 price objective on shares of MJ Gleeson in a research note on Tuesday, September 15th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, MJ Gleeson has a consensus rating of “Hold” and a consensus price target of GBX 252.50.

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.