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MJ Gleeson PLC ( (GB:GLE) ) has issued an update.
MJ Gleeson PLC announced that its Chief Executive Officer, Graham Prothero, has acquired 8,571 ordinary shares of the company at a price of £3.50 per share. This transaction increases Prothero’s total shareholding to 75,033 shares, representing 0.1285% of the company’s issued share capital. The acquisition was conducted on the London Stock Exchange and is in compliance with the UK Market Abuse Regulation, highlighting the CEO’s confidence in the company’s future prospects.
The most recent analyst rating on (GB:GLE) stock is a Buy with a £500.00 price target. To see the full list of analyst forecasts on MJ Gleeson PLC stock, see the GB:GLE Stock Forecast page.
Spark’s Take on GB:GLE Stock
According to Spark, TipRanks’ AI Analyst, GB:GLE is a Neutral.
MJ Gleeson PLC presents a stable financial foundation with strong equity, though it faces growth challenges and bearish technical indicators. Insider confidence through share purchases and strategic leadership appointments provide a positive outlook, but market and operational challenges temper the overall score.
To see Spark’s full report on GB:GLE stock, click here.
More about MJ Gleeson PLC
Average Trading Volume: 169,950
Technical Sentiment Signal: Sell
Current Market Cap: £199.1M
See more insights into GLE stock on TipRanks’ Stock Analysis page.