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

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

Graham Prothero also recently made the following trade(s):

• On Monday, September 7th, Graham Prothero acquired 74 shares of MJ Gleeson stock. The shares were bought at an average cost of GBX 265 per share, with a total value of £196.10.

MJ Gleeson Stock Up 0.6%

GLE stock opened at GBX 272 on Friday. The business has a 50 day moving average of GBX 267.33 and a 200 day moving average of GBX 257.65. The firm has a market cap of £158.67 million, a PE ratio of -81.93 and a beta of 0.62. MJ Gleeson plc has a twelve month low of GBX 214.09 and a twelve month high of GBX 435. The company has a quick ratio of 0.89, a current ratio of 3.47 and a debt-to-equity ratio of 3.34.

MJ Gleeson (LON:GLE) last released its earnings results on Tuesday, September 15th. The company reported GBX 14.09 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, research analysts forecast that MJ Gleeson plc will post 35.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Royal Bank Of Canada reissued an “underperform” rating and set a GBX 200 price objective on shares of MJ Gleeson in a research report 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 report on Friday, September 18th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, MJ Gleeson presently has a consensus rating of “Hold” and an average target price 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.