MJ Gleeson plc (LON:GLE) Insider Stefan Allanson Purchases 46 Shares

MJ Gleeson plc (LON:GLEGet Rating) insider Stefan Allanson purchased 46 shares of MJ Gleeson stock in a transaction that occurred on Wednesday, April 5th. The shares were bought at an average price of GBX 439 ($5.45) per share, with a total value of £201.94 ($250.79).

MJ Gleeson Trading Down 0.9 %

Shares of GLE opened at GBX 432 ($5.37) on Friday. MJ Gleeson plc has a 1-year low of GBX 331 ($4.11) and a 1-year high of GBX 643.18 ($7.99). The company has a debt-to-equity ratio of 1.48, a current ratio of 4.68 and a quick ratio of 0.89. The firm’s 50 day simple moving average is GBX 430.82 and its 200 day simple moving average is GBX 398.70. The company has a market capitalization of £252.03 million, a P/E ratio of 919.15 and a beta of 1.03.

MJ Gleeson Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, April 3rd. Stockholders of record on Thursday, March 2nd were issued a GBX 5 ($0.06) dividend. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, March 2nd. MJ Gleeson’s dividend payout ratio is 3,617.02%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GLE. Berenberg Bank restated a “buy” rating and set a GBX 470 ($5.84) price target on shares of MJ Gleeson in a research report on Tuesday, January 17th. Liberum Capital reissued a “top pick” rating and issued a GBX 560 ($6.95) price target on shares of MJ Gleeson in a report on Monday, February 13th.

MJ Gleeson Company Profile

(Get Rating)

MJ Gleeson plc engages in low-cost house building and land promotion activities in the United Kingdom. The company operates through two divisions, Gleeson Homes and Gleeson Land. It also engages in the house building activities in the north of England and Midlands; and sale of land in the south of England.

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