Martin Pike Acquires 40,000 Shares of Gateley (LON:GTLY) Stock

Key Points

• Insider Martin Pike acquired 40,000 shares of Gateley (LON:GTLY) at an average price of GBX 129 per share, totaling £51,600.
• The stock has seen a trading volume significantly above its average, with 265,729 shares exchanged, and currently has a market capitalization of £172.17 million.
• Analysts have given the stock a consensus rating of "Hold," with Shore Capital reaffirming this rating on July 15th.

Gateley (Holdings) Plc (LON:GTLY - Get Free Report) insider Martin Pike acquired 40,000 shares of the stock in a transaction on Tuesday, October 7th. The shares were purchased at an average price of GBX 129 per share, for a total transaction of £51,600.

Gateley Price Performance

Gateley stock traded down GBX 0.50 during trading hours on Tuesday, hitting GBX 128.50. 265,729 shares of the stock were exchanged, compared to its average volume of 124,614. The business's 50-day moving average is GBX 126.07 and its two-hundred day moving average is GBX 129.02. The company has a debt-to-equity ratio of 51.58, a quick ratio of 2.30 and a current ratio of 2.36. Gateley has a 12 month low of GBX 114 and a 12 month high of GBX 142. The stock has a market capitalization of £172.17 million, a P/E ratio of 12,598.04 and a beta of 1.00.

Gateley (LON:GTLY - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The company reported GBX 13.34 earnings per share (EPS) for the quarter. Gateley had a net margin of 5.84% and a return on equity of 12.31%. Equities research analysts expect that Gateley will post 15.5253837 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a "hold" rating on shares of Gateley in a research report on Tuesday, July 15th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

About Gateley

Gateley is an entrepreneurial professional services group at the heart of which is Gateley Legal, an English law firm established in 1808. In 2015 we became the first commercial law firm in the world to be publicly listed on the London Stock Exchange. We are a top 50 UK ranking law firm with 25 offices in the UK, Dubai and Hong Kong. With 1,500 employees and over 1,000 professional advisers, we have recruited market leaders who can provide our clients with the expertise that they need in a considered, commercial and pragmatic manner.

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