MJ Gleeson (LON:GLE) Insider Stefan Allanson Sells 658 Shares

Key Points

• Stefan Allanson, an insider at MJ Gleeson plc, sold 658 shares at an average price of GBX 355, totaling £2,335.90, on October 17th.
• The company's shares traded at GBX 369 with a market capitalization of £215.41 million, and it has a 12-month high of GBX 654 and a low of GBX 320.
• Berenberg Bank issued a "buy" rating for MJ Gleeson shares, setting a price target of GBX 500, suggesting positive future performance.

MJ Gleeson plc (LON:GLE - Get Free Report) insider Stefan Allanson sold 658 shares of the firm's stock in a transaction on Friday, October 17th. The stock was sold at an average price of GBX 355, for a total value of £2,335.90.

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

• On Monday, October 6th, Stefan Allanson purchased 52 shares of MJ Gleeson stock. The stock was bought at an average cost of GBX 378 per share, with a total value of £196.56.
• On Friday, September 5th, Stefan Allanson purchased 60 shares of MJ Gleeson stock. The stock was bought at an average cost of GBX 334 per share, with a total value of £200.40.

MJ Gleeson Price Performance

Shares of GLE stock traded up GBX 10 on Monday, reaching GBX 369. The company's stock had a trading volume of 84,537 shares, compared to its average volume of 152,640. 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 plc has a 12-month low of GBX 320 and a 12-month high of GBX 654. The company has a market capitalization of £215.41 million, a P/E ratio of 13.61 and a beta of 1.14. The stock's 50 day simple moving average is GBX 356.66 and its 200-day simple moving average is GBX 406.42.

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, equities analysts predict that MJ Gleeson plc will post 35.1412429 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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