MJ Gleeson (LON:GLE) Insider Stefan Allanson Acquires 52 Shares

MJ Gleeson plc (LON:GLE) insider Stefan Allanson bought 52 shares of the stock in a transaction dated Monday, October 6th. The shares were purchased at an average price of GBX 378 per share, for a total transaction of £196.56.

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

• On Friday, September 5th, Stefan Allanson bought 60 shares of MJ Gleeson stock. The shares were purchased at an average price of GBX 334 per share, for a total transaction of £200.40.

MJ Gleeson Price Performance

Shares of LON GLE opened at GBX 365 on Wednesday. The firm has a market cap of £213.07 million, a P/E ratio of 1,346.37 and a beta of 1.14. The company has a current ratio of 5.79, a quick ratio of 0.89 and a debt-to-equity ratio of 1.70. MJ Gleeson plc has a 1-year low of GBX 320 and a 1-year high of GBX 654. The business’s 50 day moving average is GBX 356.40 and its 200-day moving average is GBX 412.74.

MJ Gleeson (LON:GLE) last announced its earnings results on Tuesday, September 16th. The company reported GBX 28.88 earnings per share for the quarter. MJ Gleeson had a return on equity of 6.60% and a net margin of 5.59%. Equities research analysts predict that MJ Gleeson plc will post 35.1412429 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 500 target price on shares of MJ Gleeson in a research note on Wednesday, September 17th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, MJ Gleeson presently has an average rating of “Buy” and an average price target of GBX 500.

MJ Gleeson Company Profile

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.