MJ Gleeson plc (LON:GLE – Get Rating) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 404.22 ($4.93) and traded as low as GBX 402 ($4.90). MJ Gleeson shares last traded at GBX 408 ($4.97), with a volume of 32,621 shares.
Wall Street Analyst Weigh In
GLE has been the subject of several recent analyst reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 470 ($5.73) price objective 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 ($6.83) target price on shares of MJ Gleeson in a report on Monday, February 13th.
MJ Gleeson Price Performance
The company has a 50 day moving average price of GBX 421.45 and a 200-day moving average price of GBX 404.22. The company has a quick ratio of 0.89, a current ratio of 4.68 and a debt-to-equity ratio of 1.48. The company has a market cap of £238.03 million, a price-to-earnings ratio of 906.67 and a beta of 1.02.
MJ Gleeson Cuts Dividend
MJ Gleeson Company Profile
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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