Insider Buying: MJ Gleeson (LON:GLE) Insider Buys £196.42 in Stock

MJ Gleeson plc (LON:GLE) insider Stefan Allanson purchased 46 shares of MJ Gleeson stock in a transaction dated Monday, January 5th. The stock was bought at an average cost of GBX 427 per share, with a total value of £196.42.

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

• On Friday, December 5th, Stefan Allanson acquired 50 shares of MJ Gleeson stock. The shares were bought at an average cost of GBX 393 per share, for a total transaction of £196.50.
• On Wednesday, November 5th, Stefan Allanson acquired 57 shares of MJ Gleeson stock. The stock was bought at an average price of GBX 349 per share, for a total transaction of £198.93.
• On Friday, October 17th, Stefan Allanson sold 658 shares of MJ Gleeson stock. The stock was sold at an average price of GBX 355, for a total transaction of £2,335.90.

MJ Gleeson Stock Down 3.1%

Shares of MJ Gleeson stock traded down GBX 13 on Tuesday, hitting GBX 411. 42,522 shares of the company traded hands, compared to its average volume of 144,310. MJ Gleeson plc has a 12-month low of GBX 320 and a 12-month high of GBX 538. The company has a quick ratio of 0.89, a current ratio of 5.79 and a debt-to-equity ratio of 1.70. The company has a market cap of £239.92 million, a PE ratio of 15.16 and a beta of 1.14. The company has a 50-day moving average price of GBX 387.85 and a 200 day moving average price of GBX 371.67.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 500 price target on shares of MJ Gleeson in a report on Wednesday, September 17th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 500.

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.