MJ Gleeson (LON:GLE) Stock Price Passes Below Two Hundred Day Moving Average of $415.20

MJ Gleeson plc (LON:GLEGet Free Report) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 415.20 ($5.23) and traded as low as GBX 365.45 ($4.61). MJ Gleeson shares last traded at GBX 377 ($4.75), with a volume of 154,979 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank raised their price objective on MJ Gleeson from GBX 470 ($5.92) to GBX 518 ($6.53) and gave the stock a “buy” rating in a report on Friday, May 12th.

View Our Latest Analysis on GLE

MJ Gleeson Stock Up 2.7 %

The company has a market cap of £219.94 million, a price-to-earnings ratio of 785.42 and a beta of 1.00. The company has a quick ratio of 0.89, a current ratio of 4.68 and a debt-to-equity ratio of 1.48. The firm’s 50 day simple moving average is GBX 390.11 and its 200 day simple moving average is GBX 415.20.

About MJ Gleeson

(Get Free Report)

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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