MJ Gleeson Director Increases Shareholding

MJ Gleeson PLC ( (GB:GLE) ) has provided an update.

MJ Gleeson PLC announced that Fiona Goldsmith, a Non-Executive Director, acquired 5,000 ordinary shares of the company at 397 pence per share, increasing her total shareholding to 37,000 shares, representing 0.0634% of the issued share capital. This transaction, conducted on the London Stock Exchange, reflects insider confidence and may positively influence stakeholder perceptions of the company’s market position.

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’s overall score reflects a stable financial position with strong equity yet limited growth prospects and cash flow challenges. Bearish technical indicators and operational challenges impact the score negatively, while reasonable valuation and insider buying provide some support.

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 the development of affordable homes and strategic land trading in the United Kingdom.

Average Trading Volume: 199,389

Technical Sentiment Signal: Sell

Current Market Cap: £221.8M

See more insights into GLE stock on TipRanks’ Stock Analysis page.