M J Gleeson Group PLC (LON:GLE) had its price objective boosted by equities researchers at Liberum Capital from GBX 526 ($6.87) to GBX 660 ($8.62) in a research report issued on Friday. The brokerage currently has a “buy” rating on the stock. Liberum Capital’s target price indicates a potential upside of 11.49% from the stock’s previous close.

M J Gleeson Group PLC (LON:GLE) opened at 576.511 on Friday. The stock’s market cap is GBX 309.91 million. M J Gleeson Group PLC has a one year low of GBX 385.00 and a one year high of GBX 630.00. The company’s 50 day moving average is GBX 555.67 and its 200 day moving average is GBX 544.35.

In other news, insider Gleeson,Dermot J purchased 11,988 shares of the stock in a transaction on Wednesday, June 29th. The stock was bought at an average price of GBX 415 ($5.42) per share, for a total transaction of £49,750.20 ($64,939.56). Also, insider Harrison,Jolyon purchased 3,000 shares of the stock in a transaction on Tuesday, June 28th. The shares were purchased at an average price of GBX 415 ($5.42) per share, with a total value of £12,450 ($16,251.14).

About M J Gleeson Group PLC

M J Gleeson Group PLC is engaged in house building on brownfield land in the North of England with an emphasis on homes for local communities, and land trading, in the South of England, and benefiting from the enhancement of the value of green field sites by securing residential planning consents. The Company’s subsidiaries are engaged in provision of bid management; construction services; house building, housing regeneration and strategic land trading; investment in equity shares and loan stock of project companies delivering services under the Government’s private finance initiative; commercial property development; house building and housing regeneration; strategic land trading, and house building and housing regeneration.

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