MJ Gleeson plc (LON:GLE) Insider Acquires £201.20 in Stock

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

MJ Gleeson Price Performance

Shares of MJ Gleeson stock traded down GBX 9.50 ($0.12) during mid-day trading on Tuesday, reaching GBX 497.50 ($6.22). 226,080 shares of the stock were exchanged, compared to its average volume of 96,266. The company has a market cap of £290.44 million, a price-to-earnings ratio of 1,507.58 and a beta of 1.14. MJ Gleeson plc has a fifty-two week low of GBX 446 ($5.58) and a fifty-two week high of GBX 654 ($8.18). 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 firm has a 50-day simple moving average of GBX 527.89 and a 200 day simple moving average of GBX 568.22.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and set a GBX 643 ($8.04) target price on shares of MJ Gleeson in a research report 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.