MJ Gleeson (LON:GLE) Given New GBX 920 Price Target at Berenberg Bank

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MJ Gleeson (LON:GLE) had its target price upped by Berenberg Bank from GBX 900 ($11.76) to GBX 920 ($12.02) in a research report sent to investors on Monday morning, Digital Look reports. The firm currently has a buy rating on the stock.

Other analysts have also issued reports about the stock. Liberum Capital upped their target price on shares of MJ Gleeson from GBX 900 ($11.76) to GBX 909 ($11.88) and gave the stock a buy rating in a research note on Monday. Peel Hunt upped 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. Finally, Peel Hunt upped 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.

GLE stock opened at GBX 812 ($10.61) on Monday. The company’s 50 day moving average price is GBX 838.68 and its 200 day moving average price is GBX 818.59. MJ Gleeson has a fifty-two week low of GBX 600 ($7.84) and a fifty-two week high of GBX 940 ($12.28). The firm has a market capitalization of $443.25 million and a price-to-earnings ratio of 12.10.

The company 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. This represents a dividend yield of 2.74%. This is a positive change from MJ Gleeson’s previous dividend of $11.50. The ex-dividend date of this dividend is Thursday, November 14th. MJ Gleeson’s dividend payout ratio is presently 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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