Stefan Allanson Purchases 60 Shares of MJ Gleeson (LON:GLE) Stock

Key Points

• Stefan Allanson, an insider at MJ Gleeson plc, purchased 60 shares at an average price of GBX 334, totaling £200.40.
• The company's stock performance shows a market capitalization of £195.56 million with a 50-day moving average of GBX 358.53 and a 1-year high of GBX 654.
• MJ Gleeson operates in two divisions, including Gleeson Homes, which focuses on affordable housing in the Midlands and North of England, offering prices significantly lower than competitors.

MJ Gleeson plc (LON:GLE - Get Free Report) insider Stefan Allanson bought 60 shares of the company's stock in a transaction that occurred on Friday, September 5th. The shares were bought at an average price of GBX 334 per share, with a total value of £200.40.

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

• On Monday, July 7th, Stefan Allanson bought 54 shares of MJ Gleeson stock. The shares were bought at an average price of GBX 367 per share, with a total value of £198.18.

MJ Gleeson Trading Up 1.5%

GLE stock traded up GBX 5 during trading on Friday, hitting GBX 328. 439,165 shares of the company traded hands, compared to its average volume of 154,357. The firm has a market capitalization of £191.47 million, a PE ratio of 1,161.88 and a beta of 1.14. MJ Gleeson plc has a 1 year low of GBX 320 and a 1 year high of GBX 654. The company has a 50-day moving average of GBX 353.41 and a 200-day moving average of GBX 424.34. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.89 and a current ratio of 5.79.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 500 price target on shares of MJ Gleeson in a research report on Tuesday, September 9th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock 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.