Insider Buying: MJ Gleeson plc (LON:GLE) Insider Buys 40 Shares of Stock

MJ Gleeson plc (LON:GLE) insider Graham Prothero acquired 40 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were bought at an average cost of GBX 503 ($6.29) per share, for a total transaction of £201.20 ($251.72).

MJ Gleeson Trading Down 1.9 %

MJ Gleeson stock traded down GBX 9.50 ($0.12) during mid-day trading on Tuesday, hitting GBX 497.50 ($6.22). The stock had a trading volume of 226,080 shares, compared to its average volume of 96,266. The stock has a 50-day simple moving average of GBX 527.89 and a two-hundred day simple moving average of GBX 568.22. The company has a current ratio of 5.79, a quick ratio of 0.89 and a debt-to-equity ratio of 8.37. The stock has a market capitalization of £290.44 million, a PE ratio of 1,507.58 and a beta of 1.14. MJ Gleeson plc has a 12 month low of GBX 446 ($5.58) and a 12 month high of GBX 654 ($8.18).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 643 ($8.04) price target on shares of MJ Gleeson in a research note on Wednesday, September 18th.

About MJ Gleeson

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land.

Gleeson Homes is the leading low-cost, affordable housebuilder. Its two-bedroom homes start from circa £100,000. Gleeson’s vision is “Building Homes. Changing Lives”, prioritising areas where people need affordable housing the most.