MJ Gleeson (LON:GLE) Stock Price Down 0.8% – What’s Next?

Posted by Samantha Reynolds on Dec 13th, 2024

MJ Gleeson plc (LON:GLE – Get Free Report)’s share price was down 0.8% during trading on Thursday . The company traded as low as GBX 515 ($6.53) and last traded at GBX 520 ($6.59). Approximately 62,326 shares were traded during trading, a decline of 13% from the average daily volume of 71,376 shares. The stock had previously closed at GBX 524 ($6.64).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 643 ($8.15) price target on shares of MJ Gleeson in a research report on Wednesday, September 18th.

Check Out Our Latest Research Report on GLE

MJ Gleeson Trading Down 0.8 %

The stock has a market capitalization of £303.58 million, a PE ratio of 1,575.76 and a beta of 1.14. The company has a debt-to-equity ratio of 8.37, a current ratio of 5.79 and a quick ratio of 0.89. The company’s 50 day moving average price is GBX 565.06 and its two-hundred day moving average price is GBX 574.19.

MJ Gleeson Increases Dividend

The business also recently declared a dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, October 24th were issued a GBX 7 ($0.09) dividend. This represents a dividend yield of 1.25%. The ex-dividend date was Thursday, October 24th. This is a boost from MJ Gleeson’s previous dividend of $4.00. MJ Gleeson’s dividend payout ratio (DPR) is currently 3,333.33%.

Insiders Place Their Bets

In related news, insider Christopher H. B. Mills sold 300,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of GBX 610 ($7.73), for a total value of £1,830,000 ($2,319,685.64). Also, insider Stefan Allanson sold 10,532 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of GBX 620 ($7.86), for a total transaction of £65,298.40 ($82,771.45). 16.85% of the stock is currently owned by corporate insiders.

About MJ Gleeson

(Get Free Report)

MJ Gleeson plc engages in low-cost house building and land promotion activities in the United Kingdom. The company operates through two divisions, Gleeson Homes and Gleeson Land. It also engages in the house building activities in the north of England and Midlands; and sale of land in the south of England.