MJ Gleeson (LON:GLE) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

MJ Gleeson plc (LON:GLE) shares 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 trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reduced their price target on shares of MJ Gleeson from GBX 345 to GBX 310 and set a “buy” rating on the stock in a research note on Thursday, June 11th. One analyst has rated the stock with a Buy rating, According to MarketBeat, MJ Gleeson presently has a consensus rating of “Buy” and a consensus price target of GBX 310.

MJ Gleeson Price Performance

The company has a debt-to-equity ratio of 7.86, a current ratio of 3.87 and a quick ratio of 0.89. The stock has a 50 day moving average price of GBX 244.62 and a two-hundred day moving average price of GBX 297.51. The firm has a market capitalization of £158.67 million, a price-to-earnings ratio of 11.09 and a beta of 0.61.

Insider Transactions at MJ Gleeson

In other news, insider Fiona Clare Goldsmith bought 3,000 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was bought 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.

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.