MJ Gleeson (LON:GLE) Insider Stefan Allanson Purchases 52 Shares of Stock

Key Points

• Insider Stefan Allanson purchased 52 shares of MJ Gleeson stock at an average price of GBX 378, totaling £196.56.
• MJ Gleeson stock has declined 2.4%, trading at GBX 365, with analysts maintaining a consensus rating of "Buy" and an average price target of GBX 500.
• The company reported earnings per share of GBX 28.88 for the last quarter, with a net margin of 5.59% and a return on equity of 6.60%.

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

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

• On Friday, September 5th, Stefan Allanson acquired 60 shares of MJ Gleeson stock. The stock was bought at an average price of GBX 334 per share, for a total transaction of £200.40.

MJ Gleeson Stock Down 2.4%

MJ Gleeson stock traded down GBX 9 during mid-day trading on Tuesday, reaching GBX 365. 38,156 shares of the company's stock were exchanged, compared to its average volume of 156,249. MJ Gleeson plc has a twelve month low of GBX 320 and a twelve month high of GBX 654. The company has a fifty day moving average of GBX 356.36 and a 200-day moving average of GBX 413.52. The company has a market cap of £213.07 million, a P/E ratio of 1,346.37 and a beta of 1.14. The company has a quick ratio of 0.89, a current ratio of 5.79 and a debt-to-equity ratio of 1.70.

MJ Gleeson (LON:GLE - Get Free Report) last announced its quarterly earnings data on Tuesday, September 16th. The company reported GBX 28.88 earnings per share for the quarter. MJ Gleeson had a net margin of 5.59% and a return on equity of 6.60%. Sell-side analysts expect that MJ Gleeson plc will post 35.1412429 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 500 target price on shares of MJ Gleeson in a research report on Wednesday, September 17th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, MJ Gleeson currently has a consensus rating of "Buy" and an average price target of GBX 500.

MJ Gleeson Company Profile

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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