MJ Gleeson (GLE) Price Target Raised to GBX 715

MJ Gleeson (LON:GLE) had its target price hoisted by Peel Hunt from GBX 630 ($8.23) to GBX 715 ($9.34) in a research note issued to investors on Thursday. The brokerage currently has a “hold” rating on the stock. Peel Hunt’s price target indicates a potential downside of 7.98% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Liberum Capital reissued a “buy” rating on shares of MJ Gleeson in a research report on Monday, January 7th. Berenberg Bank reduced their target price on shares of MJ Gleeson from GBX 920 ($12.02) to GBX 900 ($11.76) and set a “buy” rating on the stock in a research report on Monday, January 28th.

LON GLE opened at GBX 777 ($10.15) on Thursday. MJ Gleeson has a 52 week low of GBX 550 ($7.19) and a 52 week high of GBX 810 ($10.58).

MJ Gleeson Company Profile

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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