Liberum Capital Boosts Mj Gleeson (GLE) Price Target to GBX 804

Mj Gleeson (LON:GLE) had its price objective increased by Liberum Capital from GBX 765 ($10.30) to GBX 804 ($10.82) in a report issued on Thursday morning. The brokerage currently has a buy rating on the stock.

Separately, Peel Hunt began coverage on Mj Gleeson in a research note on Monday, November 13th. They set a hold rating and a GBX 715 ($9.62) target price on the stock.

Mj Gleeson (GLE) opened at GBX 750 ($10.09) on Thursday. Mj Gleeson has a 12 month low of GBX 531.25 ($7.15) and a 12 month high of GBX 770 ($10.36).

The business also recently declared a dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be given a GBX 17.50 ($0.24) dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a yield of 2.69%. This is a positive change from Mj Gleeson’s previous dividend of $6.50.

In other Mj Gleeson news, insider Christopher H. B. Mills sold 500,000 shares of the stock in a transaction dated Thursday, November 23rd. The stock was sold at an average price of GBX 725 ($9.76), for a total value of £3,625,000 ($4,878,869.45). Also, insider Jolyon Harrison sold 131,239 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of GBX 666 ($8.96), for a total value of £874,051.74 ($1,176,381.88). Insiders acquired a total of 84 shares of company stock worth $60,100 in the last ninety days.

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Mj Gleeson Company Profile

MJ Gleeson plc engages in the housebuilding and strategic land trading activities in the United Kingdom. The company operates through two divisions, Gleeson Homes and Gleeson Strategic Land. It focuses on urban housing regeneration activities on brownfield land in the north of England; and strategic land trading, primarily in the south of England.

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