MJ Gleeson (LON:GLE) Insider Leanne Johnson Purchases 52 Shares

Key Points

• Insider Leanne Johnson purchased 52 shares of MJ Gleeson at an average price of GBX 378 per share on October 6th, totaling £196.56.
• MJ Gleeson stock recently traded down by 2.4% to GBX 365, with a current market capitalization of £213.07 million.
• Berenberg Bank has reaffirmed a "buy" rating for MJ Gleeson, setting a target price of GBX 500, with consensus expectations for annual earnings of 35.14 GBX per share.

MJ Gleeson plc (LON:GLE - Get Free Report) insider Leanne Johnson acquired 52 shares of the firm's stock in a transaction on Monday, October 6th. The shares were bought at an average price of GBX 378 per share, for a total transaction of £196.56.

MJ Gleeson Trading Down 2.4%

GLE stock traded down GBX 9 during midday trading on Tuesday, reaching GBX 365. 38,156 shares of the company traded hands, compared to its average volume of 156,249. MJ Gleeson plc has a 52-week low of GBX 320 and a 52-week high of GBX 654. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.89 and a current ratio of 5.79. The business has a 50 day moving average of GBX 356.36 and a 200-day moving average of GBX 413.52. The firm has a market capitalization of £213.07 million, a price-to-earnings ratio of 1,346.37 and a beta of 1.14.

MJ Gleeson (LON:GLE - Get Free Report) last issued its quarterly earnings data 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 reaffirmed a "buy" rating and set a GBX 500 target price on shares of MJ Gleeson in a research note on Wednesday, September 17th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, MJ Gleeson has an average rating of "Buy" and a consensus price target of GBX 500.

About MJ Gleeson

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.

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