MJ Gleeson (LON:GLE) Stock Price Crosses Below Two Hundred Day Moving Average of $412.29

Shares of MJ Gleeson plc (LON:GLE) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 412.29 ($5.21) and traded as low as GBX 369.04 ($4.66). MJ Gleeson shares last traded at GBX 373 ($4.71), with a volume of 23,127 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank lifted their price objective on MJ Gleeson from GBX 470 ($5.94) to GBX 518 ($6.54) and gave the stock a “buy” rating in a report on Friday, May 12th.

MJ Gleeson Stock Up 0.5 %

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 has a 50-day simple moving average of GBX 392.70 and a two-hundred day simple moving average of GBX 411.67. The company has a market cap of £218.78 million, a PE ratio of 765.31 and a beta of 1.00.

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.