MJ Gleeson (LON:GLE) Insider Acquires £201.60 in Stock

MJ Gleeson plc (LON:GLE) insider Leanne Johnson acquired 70 shares of the business’s stock in a transaction dated Monday, October 5th. The stock was purchased at an average price of GBX 288 per share, with a total value of £201.60.

Leanne Johnson also recently made the following trade(s):

• On Monday, September 7th, Leanne Johnson bought 76 shares of MJ Gleeson stock. The shares were purchased at an average cost of GBX 265 per share, for a total transaction of £201.40.

MJ Gleeson Stock Performance

MJ Gleeson stock opened at GBX 272 on Friday. MJ Gleeson plc has a 1-year low of GBX 214.09 and a 1-year high of GBX 435. The company has a current ratio of 3.47, a quick ratio of 0.89 and a debt-to-equity ratio of 3.34. The firm has a market capitalization of £158.67 million, a PE ratio of -81.93 and a beta of 0.62. The firm’s 50 day simple moving average is GBX 267.33 and its 200 day simple moving average is GBX 257.65.

MJ Gleeson (LON:GLE) last announced its quarterly earnings results on Tuesday, September 15th. The company reported GBX 14.09 EPS for the quarter. MJ Gleeson had a negative net margin of 0.47% and a negative return on equity of 0.64%. As a group, analysts expect that MJ Gleeson plc will post 35.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Royal Bank Of Canada restated an “underperform” rating and set a GBX 200 target price on shares of MJ Gleeson in a research report on Tuesday, September 15th. Berenberg Bank lowered their price target on MJ Gleeson from GBX 310 to GBX 305 and set a “buy” rating on the stock in a report on Friday, September 18th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, MJ Gleeson currently has a consensus rating of “Hold” and an average price target of GBX 252.50.

About MJ Gleeson

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.