Insider Buying: MJ Gleeson (LON:GLE) Insider Buys £198.80 in Stock

Key Points

• Insider purchase: MJ Gleeson director Stefan Allanson bought 70 shares at GBX 284 each, investing £198.80. He also purchased 76 shares worth £201.40 in September.
• Share performance: The stock fell 2.4% to GBX 268.50, with a market capitalization of approximately £156.6 million. Its 12-month trading range is GBX 214.09 to GBX 435.
• Analyst view: Coverage is mixed, with Berenberg retaining a “buy” rating and RBC maintaining “underperform.” MarketBeat reports a consensus “hold” rating and an average price target of GBX 252.50.

MJ Gleeson plc (LON:GLE - Get Free Report) insider Stefan Allanson acquired 70 shares of the business's stock in a transaction on Monday, October 5th. The stock was acquired at an average price of GBX 284 per share, with a total value of £198.80.

Stefan Allanson also recently made the following trade(s):

• On Monday, September 7th, Stefan Allanson acquired 76 shares of MJ Gleeson stock. The stock was acquired at an average cost of GBX 265 per share, with a total value of £201.40.

MJ Gleeson Stock Down 2.4%

LON:GLE traded down GBX 6.50 on Wednesday, reaching GBX 268.50. The stock had a trading volume of 51,261 shares, compared to its average volume of 127,090. MJ Gleeson plc has a 12-month low of GBX 214.09 and a 12-month high of GBX 435. The company has a current ratio of 3.47, a quick ratio of 0.89 and a debt-to-equity ratio of 3.34. The stock has a market cap of £156.63 million, a P/E ratio of -80.87 and a beta of 0.62. The company has a 50-day moving average of GBX 267.56 and a 200 day moving average of GBX 257.61.

MJ Gleeson (LON:GLE - Get Free Report) last issued its quarterly earnings results on Tuesday, September 15th. The company reported GBX 14.09 EPS for the quarter. MJ Gleeson had a negative return on equity of 0.64% and a negative net margin of 0.47%. On average, research analysts predict that MJ Gleeson plc will post 35.1412429 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Berenberg Bank reduced their price target on shares of MJ Gleeson from GBX 310 to GBX 305 and set a "buy" rating for the company in a report on Friday, September 18th. Royal Bank Of Canada reiterated an "underperform" rating and issued a GBX 200 price target on shares of MJ Gleeson in a research note on Tuesday, September 15th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of GBX 252.50.

MJ Gleeson Company Profile

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land. Gleeson Homes, under the banner of "Building Homes. Changing Lives" builds high-quality affordable homes across the Midlands and North of England. To meet customer demand, and without compromising affordability, the range of homes available extends from one-bed apartments to five-bedroom houses. With a two-bedroom home available from £100,000, a key objective is to ensure that on all of our developments, a meaningful proportion of homes are affordable to a couple earning the National Living Wage.

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