Insider Buying: MJ Gleeson (LON:GLE) Insider Purchases 70 Shares of Company Stock

Key Points

• Insider buying: MJ Gleeson insider Leanne Johnson purchased 70 shares at GBX 288 each, worth £201.60, following a separate purchase of 76 shares in September.
• Stock performance: Shares fell 2.4% to GBX 268.50 during mid-day trading, with the company valued at approximately £156.63 million.
• Analyst outlook: Ratings are mixed, with Berenberg maintaining a “Buy” rating and RBC an “Underperform” rating; the consensus view is “Hold,” with an average target price of GBX 252.50.

MJ Gleeson plc (LON:GLE - Get Free Report) insider Leanne Johnson acquired 70 shares of the stock in a transaction that occurred on Monday, October 5th. The stock was acquired at an average cost of GBX 288 per share, with a total value of £201.60.

Leanne Johnson also recently made the following trade(s):

• On Monday, September 7th, Leanne Johnson acquired 76 shares of MJ Gleeson stock. The shares were acquired at an average price of GBX 265 per share, with a total value of £201.40.

MJ Gleeson Stock Down 2.4%

MJ Gleeson stock traded down GBX 6.50 during mid-day trading on Wednesday, reaching GBX 268.50. 51,261 shares of the company's stock were exchanged, compared to its average volume of 127,090. The company has a quick ratio of 0.89, a current ratio of 3.47 and a debt-to-equity ratio of 3.34. MJ Gleeson plc has a twelve month low of GBX 214.09 and a twelve month high of GBX 435. The company 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 fifty 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 posted its quarterly earnings data 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%. Sell-side analysts expect that MJ Gleeson plc will post 35.1412429 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Berenberg Bank lowered their target price on shares of MJ Gleeson from GBX 310 to GBX 305 and set a "buy" rating on the stock in a research note 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 analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of GBX 252.50.

About MJ Gleeson

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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