MJ Gleeson (LON:GLE) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

MJ Gleeson plc (LON:GLE – Get Free Report)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 304.54 and traded as low as GBX 214.09. MJ Gleeson shares last traded at GBX 245.50, with a volume of 289,938 shares traded.

Analyst Upgrades and Downgrades

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

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MJ Gleeson Price Performance

The company has a debt-to-equity ratio of 7.86, a quick ratio of 0.89 and a current ratio of 3.87. The business’s fifty day simple moving average is GBX 241.53 and its 200 day simple moving average is GBX 304.54. The stock has a market cap of £143.21 million, a price-to-earnings ratio of 10.01 and a beta of 0.61.

Insider Activity at MJ Gleeson

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

About MJ Gleeson

(Get Free Report)

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.

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