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.
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.
Featured Article: How is a Moving Average Calculated?
Receive News & Ratings for MJ Gleeson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MJ Gleeson and related companies with MarketBeat.com's FREE daily email newsletter.