MJ Gleeson (LON:GLE) PT Raised to GBX 800

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MJ Gleeson (LON:GLE) had its price objective boosted by Peel Hunt from GBX 745 ($9.73) to GBX 800 ($10.45) in a research report report published on Monday morning, LSE.Co.UK reports. Peel Hunt currently has a hold rating on the stock.

Several other analysts also recently weighed in on GLE. Liberum Capital lifted their target price on MJ Gleeson from GBX 900 ($11.76) to GBX 909 ($11.88) and gave the stock a buy rating in a research report on Monday. Peel Hunt lifted their target price on MJ Gleeson from GBX 745 ($9.73) to GBX 800 ($10.45) and gave the stock a hold rating in a research report on Monday.

LON:GLE opened at GBX 812 ($10.61) on Monday. MJ Gleeson has a twelve month low of GBX 600 ($7.84) and a twelve month high of GBX 940 ($12.28). The company has a market cap of $443.25 million and a price-to-earnings ratio of 12.10. The stock has a fifty day simple moving average of GBX 838.68 and a 200-day simple moving average of GBX 818.59.

The company also recently disclosed a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 14th will be issued a GBX 23 ($0.30) dividend. This is an increase from MJ Gleeson’s previous dividend of $11.50. This represents a dividend yield of 2.74%. The ex-dividend date is Thursday, November 14th. MJ Gleeson’s payout ratio is presently 0.51%.

About MJ Gleeson

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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