Liberum Capital Raises MJ Gleeson (LON:GLE) Price Target to GBX 909

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MJ Gleeson (LON:GLE) had its price objective upped by Liberum Capital from GBX 900 ($11.76) to GBX 909 ($11.88) in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports. Liberum Capital currently has a buy rating on the stock.

Separately, Peel Hunt reaffirmed a hold rating on shares of MJ Gleeson in a research note on Monday, September 9th.

LON GLE opened at GBX 812 ($10.61) on Monday. The business has a 50 day simple moving average of GBX 838.68 and a 200 day simple moving average of GBX 818.59. MJ Gleeson has a one year low of GBX 600 ($7.84) and a one year high of GBX 940 ($12.28). The stock has a market capitalization of $443.25 million and a P/E ratio of 12.10.

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, November 14th. This represents a yield of 2.74%. This is a boost from MJ Gleeson’s previous dividend of $11.50. MJ Gleeson’s dividend payout ratio (DPR) 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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