MJ Gleeson (LON:GLE) Given New GBX 910 Price Target at Berenberg Bank

MJ Gleeson (LON:GLE) had its price objective hoisted by Berenberg Bank from GBX 900 ($11.76) to GBX 910 ($11.89) in a research report released on Tuesday morning, Digital Look reports. Berenberg Bank currently has a hold rating on the stock.

Several other research firms have also recently commented on GLE. Peel Hunt reissued a hold rating and set a GBX 770 ($10.06) target price on shares of MJ Gleeson in a research note on Friday, July 9th. Peel Hunt restated a hold rating and set a GBX 770 ($10.06) price objective on shares of MJ Gleeson in a research report on Friday, July 9th. Finally, Liberum Capital reiterated a buy rating and issued a GBX 1,060 ($13.85) target price on shares of MJ Gleeson in a report on Friday, July 9th.

GLE stock opened at GBX 840 ($10.97) on Tuesday. The company has a quick ratio of 1.00, a current ratio of 5.20 and a debt-to-equity ratio of 1.08. MJ Gleeson has a fifty-two week low of GBX 512 ($6.69) and a fifty-two week high of GBX 910 ($11.89). The firm’s 50-day simple moving average is GBX 829.08 and its 200 day simple moving average is GBX 842.89. The stock has a market cap of £489.77 million and a PE ratio of 47.46.

The business also recently declared a dividend, which will be paid on Monday, November 22nd. Investors of record on Thursday, October 28th will be issued a dividend of GBX 10 ($0.13) per share. This is a boost from MJ Gleeson’s previous dividend of $5.00. This represents a dividend yield of 1.2%. The ex-dividend date is Thursday, October 28th.

In related news, insider Stefan Allanson sold 23,829 shares of the firm’s stock in a transaction that occurred on Tuesday, July 20th. The shares were sold at an average price of GBX 810 ($10.58), for a total transaction of £193,014.90 ($252,175.20).

About MJ Gleeson

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

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