MJ Gleeson (LON:GLE) Stock Crosses Below 200 Day Moving Average – Here’s Why

MJ Gleeson plc (LON:GLE)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 323.20 and traded as low as GBX 232. MJ Gleeson shares last traded at GBX 239, with a volume of 111,594 shares.

Analyst Ratings Changes

Separately, Berenberg Bank dropped their price objective on shares of MJ Gleeson from GBX 345 to GBX 310 and set a “buy” rating for the company in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, MJ Gleeson has a consensus rating of “Buy” and an average price target of GBX 310.

MJ Gleeson Stock Performance

The stock has a market cap of £137.96 million, a P/E ratio of 9.64 and a beta of 0.60. 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 stock has a 50 day simple moving average of GBX 247 and a 200 day simple moving average of GBX 321.03.

Insider Activity at MJ Gleeson

In related news, insider Fiona Clare Goldsmith purchased 3,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was acquired at an average price of GBX 244 per share, with a total value of £7,320. Insiders own 13.26% of the company’s stock.

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.