MJ Gleeson (LON:GLE) Shares Pass Above Fifty Day Moving Average of $824.65

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MJ Gleeson PLC (LON:GLE) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $824.65 and traded as high as $850.00. MJ Gleeson shares last traded at $848.00, with a volume of 8,399 shares.

A number of research firms recently weighed in on GLE. Liberum Capital reissued a “buy” rating on shares of MJ Gleeson in a research note on Thursday, July 4th. Peel Hunt reissued a “hold” rating on shares of MJ Gleeson in a research note on Tuesday, August 20th.

The firm has a market capitalization of $453.08 million and a P/E ratio of 12.37. The stock’s 50 day moving average is GBX 824.65 and its two-hundred day moving average is GBX 811.23.

MJ Gleeson Company Profile (LON:GLE)

MJ Gleeson plc engages in urban housing regeneration and strategic land trading activities in the United Kingdom. The company operates through two divisions, Gleeson Homes and Gleeson Strategic Land. It engages in house building activities on brownfield land in the north of England; and strategic land trading primarily in the south of England.

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