Shares of MJ Gleeson plc (LON:GLE - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 576.36 ($7.42) and traded as low as GBX 515 ($6.63). MJ Gleeson shares last traded at GBX 515 ($6.63), with a volume of 73,623 shares.
Analysts Set New Price Targets
Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 643 ($8.27) price objective on shares of MJ Gleeson in a report on Wednesday, September 18th.
Check Out Our Latest Research Report on MJ Gleeson
MJ Gleeson Stock Performance
The company has a quick ratio of 0.89, a current ratio of 5.79 and a debt-to-equity ratio of 8.37. The firm has a fifty day moving average of GBX 598.70 and a 200-day moving average of GBX 576.31. The stock has a market capitalization of £326.93 million, a price-to-earnings ratio of 1,696.97 and a beta of 1.14.
MJ Gleeson Increases Dividend
The business also recently declared a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 24th will be given a dividend of GBX 7 ($0.09) per share. This is an increase from MJ Gleeson's previous dividend of $4.00. The ex-dividend date of this dividend is Thursday, October 24th. This represents a yield of 1.25%. MJ Gleeson's dividend payout ratio (DPR) is presently 3,333.33%.
Insiders Place Their Bets
In other MJ Gleeson news, insider Stefan Allanson sold 10,532 shares of the firm's stock in a transaction on Thursday, October 17th. The stock was sold at an average price of GBX 620 ($7.98), for a total transaction of £65,298.40 ($84,028.31). In other news, insider Christopher H. B. Mills sold 300,000 shares of MJ Gleeson stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of GBX 610 ($7.85), for a total value of £1,830,000 ($2,354,909.28). Also, insider Stefan Allanson sold 10,532 shares of MJ Gleeson stock in a transaction on Thursday, October 17th. The shares were sold at an average price of GBX 620 ($7.98), for a total value of £65,298.40 ($84,028.31). 16.85% of the stock is currently owned by company insiders.
About MJ Gleeson
(
Get Free Report)
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.
Featured Stories
Before you consider MJ Gleeson, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MJ Gleeson wasn't on the list.
While MJ Gleeson currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
