MJ Gleeson (LON:GLE) Stock Passes Below 200-Day Moving Average – Should You Sell?

Shares of MJ Gleeson plc (LON:GLE) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 297.51 and traded as low as GBX 265.50. MJ Gleeson shares last traded at GBX 272, with a volume of 77,330 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank dropped their target price on MJ Gleeson from GBX 345 to GBX 310 and set a “buy” rating for the company in a report on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 310.

MJ Gleeson Stock Performance

The stock has a market cap of £158.67 million, a PE ratio of 11.09 and a beta of 0.61. The company has a debt-to-equity ratio of 7.86, a quick ratio of 0.89 and a current ratio of 3.87. The company’s 50-day moving average price is GBX 244.62 and its 200 day moving average price is GBX 297.51.

Insider Buying and Selling

In other MJ Gleeson news, insider Fiona Clare Goldsmith purchased 3,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were acquired at an average price of GBX 244 per share, with a total value of £7,320. 13.26% of the stock is owned by corporate insiders.

About MJ Gleeson

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land.

Gleeson Homes, under the banner of “Building Homes. Changing Lives” builds high-quality affordable homes across the Midlands and North of England. To meet customer demand, and without compromising affordability, the range of homes available extends from one-bed apartments to five-bedroom houses. With a two-bedroom home available from £100,000, a key objective is to ensure that on all of our developments, a meaningful proportion of homes are affordable to a couple earning the National Living Wage.