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

MJ Gleeson plc (LON:GLE) insider Graham Prothero purchased 40 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was acquired at an average price of GBX 503 ($6.19) per share, for a total transaction of £201.20 ($247.57).

MJ Gleeson Stock Down 0.6 %

LON GLE opened at GBX 481 ($5.92) on Friday. MJ Gleeson plc has a 52 week low of GBX 446 ($5.49) and a 52 week high of GBX 654 ($8.05). The company has a quick ratio of 0.89, a current ratio of 5.79 and a debt-to-equity ratio of 8.37. The company has a market capitalization of £280.81 million, a P/E ratio of 1,457.58 and a beta of 1.14. The stock’s 50-day moving average price is GBX 519.81 and its 200-day moving average price is GBX 566.77.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 643 ($7.91) price objective on shares of MJ Gleeson in a research note on Wednesday, September 18th.

MJ Gleeson Company Profile

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.