Stefan Allanson Purchases 50 Shares of MJ Gleeson (LON:GLE) Stock

MJ Gleeson plc (LON:GLE) insider Stefan Allanson acquired 50 shares of the business’s stock in a transaction on Friday, December 5th. The stock was acquired at an average cost of GBX 393 per share, for a total transaction of £196.50.

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

• On Wednesday, November 5th, Stefan Allanson purchased 57 shares of MJ Gleeson stock. The stock was acquired at an average price of GBX 349 per share, with a total value of £198.93.
• On Friday, October 17th, Stefan Allanson sold 658 shares of MJ Gleeson stock. The stock was sold at an average price of GBX 355, for a total transaction of £2,335.90.
• On Monday, October 6th, Stefan Allanson bought 52 shares of MJ Gleeson stock. The shares were purchased at an average price of GBX 378 per share, with a total value of £196.56.

MJ Gleeson Trading Up 0.8%

Shares of GLE stock opened at GBX 393 on Thursday. The business’s fifty day moving average price is GBX 371.19 and its 200 day moving average price is GBX 374.34. The company has a debt-to-equity ratio of 1.70, a current ratio of 5.79 and a quick ratio of 0.89. MJ Gleeson plc has a 1-year low of GBX 320 and a 1-year high of GBX 538. The firm has a market capitalization of £229.41 million, a PE ratio of 14.50 and a beta of 1.14.

MJ Gleeson (LON:GLE) last released its quarterly earnings results on Tuesday, September 16th. The company reported GBX 28.88 earnings per share (EPS) for the quarter. MJ Gleeson had a net margin of 5.59% and a return on equity of 6.60%. As a group, sell-side analysts forecast that MJ Gleeson plc will post 35.1412429 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 500 target price on shares of MJ Gleeson in a research note on Wednesday, September 17th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus 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.