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MJ Gleeson PLC ( (GB:GLE) ) has provided an update.
Graham Prothero, the CEO of MJ Gleeson PLC, has acquired 7,692 ordinary shares of the company at 390 pence per share, increasing his total shareholding to 74,811 shares, which represents 0.1281% of the issued share capital. This transaction, conducted on the London Stock Exchange, reflects a potential vote of confidence in the company’s future prospects by its leadership.
The most recent analyst rating on (GB:GLE) stock is a Buy with a £642.00 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’s overall stock score is primarily impacted by bearish technical indicators and challenges in corporate events. While the financial performance is stable, limited growth and cash flow concerns, along with moderate valuation, suggest caution. Management’s confidence through share acquisitions offers some positive outlook.
To see Spark’s full report on GB:GLE stock, click here.
More about MJ Gleeson PLC
MJ Gleeson PLC operates in the real estate industry, focusing on building affordable homes and urban regeneration projects primarily in the United Kingdom.
Average Trading Volume: 140,156
Technical Sentiment Signal: Sell
Current Market Cap: £301.2M
Learn more about GLE stock on TipRanks’ Stock Analysis page.