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

Key Points

• Insider buying: MJ Gleeson director Graham Prothero purchased 70 shares at GBX 284 each, worth £198.80, following a £196.10 purchase in September.
• Stock and financial performance: Shares fell to GBX 268.50, while the company reported quarterly EPS of GBX 14.09 and negative net margin and return on equity.
• Analyst outlook: Ratings are mixed, with RBC maintaining an “underperform” rating and Berenberg retaining a “buy” rating; the consensus view is “Hold,” with an average price target of GBX 252.50.

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

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

• On Monday, September 7th, Graham Prothero purchased 74 shares of MJ Gleeson stock. The stock was purchased at an average price of GBX 265 per share, for a total transaction of £196.10.

MJ Gleeson Stock Performance

Shares of MJ Gleeson stock traded down GBX 6.50 during trading hours on Wednesday, reaching GBX 268.50. 51,261 shares of the stock traded hands, compared to its average volume of 127,090. MJ Gleeson plc has a one year low of GBX 214.09 and a one year high of GBX 435. The company has a 50 day moving average price of GBX 267.56 and a 200 day moving average price of GBX 257.61. The firm has a market capitalization of £156.63 million, a price-to-earnings ratio of -80.87 and a beta of 0.62. 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 (LON:GLE - Get Free Report) last announced 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, equities research analysts expect that MJ Gleeson plc will post 35.1412429 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on GLE. Royal Bank Of Canada reissued an "underperform" rating and issued a GBX 200 price target on shares of MJ Gleeson in a research note on Tuesday, September 15th. Berenberg Bank dropped their price target 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. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target 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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