MJ Gleeson (LON:GLE) Share Price Passes Above 50-Day Moving Average of $778.13

MJ Gleeson PLC (LON:GLE) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $778.13 and traded as high as $862.00. MJ Gleeson shares last traded at $858.00, with a volume of 8,007 shares traded.

A number of brokerages have recently weighed in on GLE. Peel Hunt reissued a “buy” rating on shares of IQE in a research report on Tuesday, July 23rd. Liberum Capital reissued a “buy” rating on shares of Air Partner in a research report on Thursday, July 4th.

The company has a market capitalization of $465.09 million and a price-to-earnings ratio of 12.70. The business’s 50-day simple moving average is GBX 779.37.

About MJ Gleeson (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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