MJ Gleeson (LON:GLE) Stock Rating Reaffirmed by Berenberg Bank

MJ Gleeson (LON:GLE)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a report released on Wednesday, Marketbeat reports. They presently have a GBX 643 ($8.49) price target on the stock. Berenberg Bank’s price objective would indicate a potential upside of 5.76% from the stock’s current price.

MJ Gleeson Stock Performance

MJ Gleeson stock opened at GBX 608 ($8.03) on Wednesday. MJ Gleeson has a fifty-two week low of GBX 381 ($5.03) and a fifty-two week high of GBX 630 ($8.32). The stock has a market cap of £354.95 million, a price-to-earnings ratio of 2,096.55 and a beta of 1.14. The stock’s 50 day simple moving average is GBX 588.74 and its two-hundred day simple moving average is GBX 546.99. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.89 and a current ratio of 4.61.

Insider Buying and Selling at MJ Gleeson

In other news, insider Christopher H. B. Mills sold 200,000 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of GBX 600 ($7.93), for a total value of £1,200,000 ($1,585,204.76). Insiders own 16.93% of the company’s stock.

About MJ Gleeson

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.