Insider Buying: MJ Gleeson (LON:GLE) Insider Buys 8,571 Shares of Stock

Key Points

• Insider Activity: Graham Prothero, an insider at MJ Gleeson plc, purchased 8,571 shares at an average price of GBX 350, totaling £29,998.50.
• Stock Performance: MJ Gleeson shares recently traded at GBX 365, with a 1-year low of GBX 320 and a high of GBX 654, amidst a market cap of £213.07 million.
• Analyst Ratings: Berenberg Bank reaffirmed a "buy" rating for MJ Gleeson with a target price of GBX 500, contributing to a consensus rating of "Buy" among analysts.

MJ Gleeson plc (LON:GLE - Get Free Report) insider Graham Prothero bought 8,571 shares of the stock in a transaction dated Tuesday, September 16th. The stock was bought at an average price of GBX 350 per share, with a total value of £29,998.50.

Graham Prothero also recently made the following trade(s):

• On Monday, July 7th, Graham Prothero bought 54 shares of MJ Gleeson stock. The stock was bought at an average price of GBX 367 per share, with a total value of £198.18.

MJ Gleeson Stock Down 1.3%

Shares of GLE stock traded down GBX 5 during trading hours on Friday, reaching GBX 380. The company had a trading volume of 774,034 shares, compared to its average volume of 160,776. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.89 and a current ratio of 5.79. MJ Gleeson plc has a twelve month low of GBX 320 and a twelve month high of GBX 654. The company has a market capitalization of £221.83 million, a P/E ratio of 1,346.09 and a beta of 1.14. The stock's fifty day simple moving average is GBX 353.17 and its 200 day simple moving average is GBX 420.43.

MJ Gleeson (LON:GLE - Get Free Report) last posted its earnings results on Tuesday, September 16th. The company reported GBX 28.88 earnings per share (EPS) for the quarter. MJ Gleeson had a return on equity of 6.60% and a net margin of 5.59%. As a group, sell-side analysts expect that MJ Gleeson plc will post 35.1412429 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a "buy" rating and set a GBX 500 price objective on shares of MJ Gleeson in a research note on Wednesday. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of GBX 500.

MJ Gleeson Company Profile

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land. Gleeson Homes is the leading low-cost, affordable housebuilder with the vision of "Building Homes. Changing Lives." Focusing on areas where affordable housing is most needed in the Midlands and North of England, Gleeson Homes' average selling price was £193,900, 34% lower than other housebuilders average selling price of £291,700 in the same geographic regions.