MJ Gleeson’s (GLE) Hold Rating Reaffirmed at Peel Hunt

Peel Hunt reaffirmed their hold rating on shares of MJ Gleeson (LON:GLE) in a research note released on Monday morning, ThisIsMoney.Co.Uk reports.

Several other research analysts have also issued reports on GLE. Peel Hunt increased their target price on shares of MJ Gleeson from GBX 745 ($9.73) to GBX 800 ($10.45) and gave the stock a hold rating in a research note on Monday, September 16th. Berenberg Bank raised their price target on shares of MJ Gleeson from GBX 900 ($11.76) to GBX 920 ($12.02) and gave the stock a buy rating in a report on Monday, September 16th. Finally, Liberum Capital reaffirmed a buy rating on shares of MJ Gleeson in a research note on Wednesday, October 30th.

LON:GLE opened at GBX 806 ($10.53) on Monday. The company has a fifty day moving average of GBX 806.44 and a 200-day moving average of GBX 815.06. The firm has a market capitalization of $440.68 million and a P/E ratio of 13.48. MJ Gleeson has a twelve month low of GBX 600 ($7.84) and a twelve month high of GBX 940 ($12.28).

The company also recently declared a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 14th will be paid a dividend of GBX 23 ($0.30) per share. This is an increase from MJ Gleeson’s previous dividend of $11.50. This represents a yield of 2.74%. The ex-dividend date of this dividend is Thursday, November 14th. MJ Gleeson’s dividend payout ratio is 0.57%.

In other MJ Gleeson news, insider James Thomson bought 2,465 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The stock was bought at an average cost of GBX 800 ($10.45) per share, with a total value of £19,720 ($25,767.67). Also, insider Christopher H. B. Mills sold 4,640 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of GBX 815 ($10.65), for a total transaction of £37,816 ($49,413.30).

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.

Recommended Story: Hold Rating

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