MJ Gleeson (GLE) PT Raised to GBX 900 at Liberum Capital

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MJ Gleeson (LON:GLE) had its target price lifted by Liberum Capital from GBX 845 ($11.04) to GBX 900 ($11.76) in a research report sent to investors on Monday morning. Liberum Capital currently has a buy rating on the stock.

A number of other analysts have also weighed in on the stock. Berenberg Bank cut 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. Peel Hunt restated a hold rating on shares of MJ Gleeson in a research report on Monday, January 7th.

Shares of MJ Gleeson stock opened at GBX 784 ($10.24) on Monday. MJ Gleeson has a fifty-two week low of GBX 600 ($7.84) and a fifty-two week high of GBX 830 ($10.85). The company has a market capitalization of $427.75 million and a price-to-earnings ratio of 11.68.

The business also recently announced a dividend, which will be paid on Friday, April 5th. Shareholders of record on Thursday, March 7th will be given a GBX 11.50 ($0.15) dividend. The ex-dividend date is Thursday, March 7th. This represents a yield of 1.48%. MJ Gleeson’s dividend payout ratio is currently 0.51%.

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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