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MJ Gleeson PLC ( (GB:GLE) ) has provided an update.
MJ Gleeson PLC, a company listed on the London Stock Exchange, announced that several of its directors and persons discharging management responsibilities acquired ordinary shares in the company. This transaction was conducted through a Profit Sharing Employee Share Ownership Scheme approved by HMRC, with each share purchased at £3.49. The acquisition of shares by key executives, including the CEO and CFO, reflects a commitment to the company’s future and may positively influence stakeholder confidence.
The most recent analyst rating on (GB:GLE) stock is a Hold with a £388.00 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 driven by a strong balance sheet and reasonable valuation. However, challenges with profitability margins and cash flow volatility weigh on the score. Technical indicators show mixed signals, with short-term bullish momentum but potential bearish pressure.
To see Spark’s full report on GB:GLE stock, click here.
More about MJ Gleeson PLC
Average Trading Volume: 108,499
Technical Sentiment Signal: Sell
Current Market Cap: £207.2M
For detailed information about GLE stock, go to TipRanks’ Stock Analysis page.