Stefan Allanson Acquires 54 Shares of MJ Gleeson plc (LON:GLE) Stock

MJ Gleeson plc (LON:GLEGet Rating) insider Stefan Allanson acquired 54 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were acquired at an average price of GBX 366 ($4.21) per share, for a total transaction of £197.64 ($227.56).

MJ Gleeson Price Performance

Shares of LON GLE opened at GBX 364 ($4.19) on Wednesday. The company has a fifty day moving average price of GBX 421.64 and a 200 day moving average price of GBX 501.53. The firm has a market cap of £212.36 million and a PE ratio of 606.67. The company has a current ratio of 4.80, a quick ratio of 0.89 and a debt-to-equity ratio of 1.11. MJ Gleeson plc has a 1-year low of GBX 358 ($4.12) and a 1-year high of GBX 820.80 ($9.45).

MJ Gleeson Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 25th. Stockholders of record on Thursday, October 27th will be given a dividend of GBX 12 ($0.14) per share. This is a boost from MJ Gleeson’s previous dividend of $6.00. This represents a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, October 27th. MJ Gleeson’s dividend payout ratio is currently 26.67%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their target price on shares of MJ Gleeson from GBX 680 ($7.83) to GBX 710 ($8.18) and gave the stock a “buy” rating in a report on Friday, September 23rd.

MJ Gleeson Company Profile

(Get Rating)

MJ Gleeson plc engages in low-cost house building and land promotion activities in the United Kingdom. The company operates through two divisions, Gleeson Homes and Gleeson Land. It also engages in the house building activities in the north of England and Midlands; and sale of land in the south of England.

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Insider Buying and Selling by Quarter for MJ Gleeson (LON:GLE)

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