MJ Gleeson (LON:GLE) Shares Cross Below 200-Day Moving Average – What’s Next?

MJ Gleeson plc (LON:GLE) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 316.60 and traded as low as GBX 227.49. MJ Gleeson shares last traded at GBX 238, with a volume of 83,721 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reduced their price target on shares of 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 data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 310.

MJ Gleeson Price Performance

The company has a current ratio of 3.87, a quick ratio of 0.89 and a debt-to-equity ratio of 7.86. The firm has a market cap of £138.84 million, a P/E ratio of 9.70 and a beta of 0.60. The firm has a 50-day simple moving average of GBX 243.94 and a 200-day simple moving average of GBX 316.60.

Insider Activity at MJ Gleeson

In related news, insider Fiona Clare Goldsmith acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was purchased at an average cost of GBX 244 per share, for a total transaction of £7,320. Insiders own 13.26% of the company’s stock.

MJ Gleeson Company Profile

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.