MJ Gleeson’s (GLE) “Hold” Rating Reiterated at Peel Hunt

MJ Gleeson (LON:GLE)‘s stock had its “hold” rating reiterated by equities research analysts at Peel Hunt in a report released on Thursday. They currently have a GBX 804 ($10.82) price target on the stock. Peel Hunt’s price objective would indicate a potential upside of 6.49% from the company’s current price.

Separately, Liberum Capital upped their target price on MJ Gleeson from GBX 765 ($10.30) to GBX 804 ($10.82) and gave the stock a “buy” rating in a research report on Tuesday, October 3rd.

Shares of MJ Gleeson (LON GLE) opened at GBX 755 ($10.16) on Thursday. MJ Gleeson has a 12-month low of GBX 531.25 ($7.15) and a 12-month high of GBX 750 ($10.09).

In other news, insider Christopher H. B. Mills sold 500,000 shares of the stock in a transaction that occurred on Thursday, November 23rd. The stock was sold at an average price of GBX 725 ($9.76), for a total value of £3,625,000 ($4,878,869.45). Also, insider Jolyon Harrison sold 131,239 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of GBX 666 ($8.96), for a total value of £874,051.74 ($1,176,381.88).

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About MJ Gleeson

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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