MJ Gleeson (LON:GLE) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

MJ Gleeson plc (LON:GLE)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 310.51 and traded as low as GBX 247.38. MJ Gleeson shares last traded at GBX 249, with a volume of 93,896 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reduced their target price on 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, MJ Gleeson has an average rating of “Buy” and a consensus price target of GBX 310.

MJ Gleeson Stock Performance

The company has a current ratio of 3.87, a quick ratio of 0.89 and a debt-to-equity ratio of 7.86. The company has a market cap of £145.55 million, a P/E ratio of 10.17 and a beta of 0.61. The company has a 50 day moving average price of GBX 241.08 and a 200-day moving average price of GBX 310.08.

Insider Transactions at MJ Gleeson

In other MJ Gleeson news, insider Fiona Clare Goldsmith bought 3,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were purchased at an average price of GBX 244 per share, for a total transaction of £7,320. 13.26% of the stock is currently owned by corporate insiders.

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.