Mj Gleeson Plc’s (GLE) Buy Rating Reaffirmed at Liberum Capital

Liberum Capital reiterated their buy rating on shares of Mj Gleeson Plc (LON:GLE) in a report published on Friday. They currently have a GBX 804 ($10.68) price target on the stock.

Separately, Berenberg Bank increased their price objective on shares of Mj Gleeson Plc from GBX 740 ($9.83) to GBX 820 ($10.90) and gave the company a buy rating in a report on Tuesday, July 18th.

Shares of Mj Gleeson Plc (LON:GLE) traded up 1.20% during mid-day trading on Friday, reaching GBX 675.00. 38,806 shares of the company’s stock were exchanged. Mj Gleeson Plc has a 1-year low of GBX 467.00 and a 1-year high of GBX 710.00. The company’s 50 day moving average is GBX 650.95 and its 200 day moving average is GBX 651.74. The stock’s market capitalization is GBX 364.93 million.

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The business also recently disclosed a dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be issued a dividend of GBX 17.50 ($0.23) per share. This represents a yield of 2.69%. This is an increase from Mj Gleeson Plc’s previous dividend of $6.50. The ex-dividend date is Thursday, November 16th.

In other Mj Gleeson Plc news, insider Jolyon Harrison sold 131,239 shares of the stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of GBX 666 ($8.85), for a total transaction of £874,051.74 ($1,161,376.22). Over the last ninety days, insiders have acquired 91 shares of company stock worth $59,678.

About Mj Gleeson Plc

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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