MJ Gleeson (LON:GLE) Stock Passes Above 50-Day Moving Average – What’s Next?
by Scott Moore · The Cerbat GemMJ Gleeson plc (LON:GLE – Get Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 385.53 and traded as high as GBX 435. MJ Gleeson shares last traded at GBX 420, with a volume of 10,844 shares traded.
Analyst Ratings Changes
Separately, Berenberg Bank restated a “buy” rating and issued a GBX 500 price objective on shares of MJ Gleeson in a research report on Wednesday, September 17th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 500.
Read Our Latest Analysis on MJ Gleeson
MJ Gleeson Trading Down 1.2%
The company has a current ratio of 5.79, a quick ratio of 0.89 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of £245.17 million, a P/E ratio of 15.49 and a beta of 1.14. The business has a 50 day moving average of GBX 385.53 and a 200-day moving average of GBX 371.46.
Insider Activity at MJ Gleeson
In related news, insider Stefan Allanson sold 658 shares of the business’s stock in a transaction on Friday, October 17th. The shares were sold at an average price of GBX 355, for a total value of £2,335.90. Insiders have acquired 425 shares of company stock worth $157,941 in the last quarter. Company insiders own 13.25% of the company’s stock.
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.