Insider Buying: MJ Gleeson plc (LON:GLE) Insider Buys £201.20 in Stock

MJ Gleeson plc (LON:GLE) insider Graham Prothero bought 40 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was acquired at an average cost of GBX 503 ($6.19) per share, with a total value of £201.20 ($247.57).

MJ Gleeson Price Performance

LON GLE opened at GBX 481 ($5.92) on Friday. The stock has a market capitalization of £280.81 million, a price-to-earnings ratio of 1,457.58 and a beta of 1.14. MJ Gleeson plc has a 1-year low of GBX 446 ($5.49) and a 1-year high of GBX 654 ($8.05). The company has a debt-to-equity ratio of 8.37, a current ratio of 5.79 and a quick ratio of 0.89. The business’s fifty day moving average price is GBX 519.81 and its 200-day moving average price is GBX 566.77.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 643 ($7.91) price objective on shares of MJ Gleeson in a report on Wednesday, September 18th.

About MJ Gleeson

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

Gleeson Homes is the leading low-cost, affordable housebuilder. Its two-bedroom homes start from circa £100,000. Gleeson’s vision is “Building Homes. Changing Lives”, prioritising areas where people need affordable housing the most.