MJ Gleeson’s (GLE) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of MJ Gleeson (LON:GLE) in a research note published on Tuesday morning, MarketBeat reports. Berenberg Bank currently has a GBX 500 price target on the stock.

MJ Gleeson Stock Down 1.2%

Shares of LON:GLE opened at GBX 331 on Tuesday. The company’s fifty day moving average is GBX 357.27 and its 200-day moving average is GBX 427.25. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.89 and a current ratio of 5.79. MJ Gleeson has a 52 week low of GBX 326 and a 52 week high of GBX 654. The company has a market capitalization of £193.22 million, a PE ratio of 1,172.51 and a beta of 1.14.

Insider Buying and Selling at MJ Gleeson

In other news, insider Nicola Bruce acquired 2,721 shares of the company’s stock in a transaction dated Wednesday, July 9th. The stock was bought at an average price of GBX 370 per share, with a total value of £10,067.70. Insiders have purchased a total of 2,943 shares of company stock worth $1,086,264 over the last three months. Company insiders own 13.22% of the company’s stock.

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.