MJ Gleeson (LON:GLE) Shares Up 19.9% – Here’s What Happened

MJ Gleeson plc (LON:GLE) rose 19.9% during trading on Monday. The stock traded as high as GBX 294 and last traded at GBX 292. 603,064 shares were traded during trading, an increase of 374% from the average daily volume of 127,203 shares. The stock had previously closed at GBX 243.50.

Analysts Set New Price Targets

GLE has been the topic of a number of recent analyst reports. Berenberg Bank decreased their target price on MJ Gleeson from GBX 310 to GBX 305 and set a “buy” rating on the stock in a report on Friday, September 18th. Royal Bank Of Canada reaffirmed an “underperform” rating and set a GBX 200 price target on shares of MJ Gleeson in a report on Tuesday, September 15th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, MJ Gleeson presently has an average rating of “Hold” and a consensus target price of GBX 252.50.

MJ Gleeson Stock Performance

The stock has a market capitalization of £170.34 million, a P/E ratio of 11.90 and a beta of 0.62. The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.89 and a current ratio of 3.47. The company’s fifty day simple moving average is GBX 266.18 and its two-hundred day simple moving average is GBX 258.32.

MJ Gleeson (LON:GLE) last issued its quarterly earnings data 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%. As a group, equities analysts forecast that MJ Gleeson plc will post 35.1412429 EPS for the current year.

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.