MJ Gleeson (LON:GLE) Share Price Crosses Above Fifty Day Moving Average of $802.96

Shares of MJ Gleeson PLC (LON:GLE) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $802.96 and traded as high as $828.00. MJ Gleeson shares last traded at $810.00, with a volume of 2,471 shares changing hands.

A number of research analysts recently weighed in on the stock. Peel Hunt raised their target price on shares of MJ Gleeson from GBX 745 ($9.73) to GBX 800 ($10.45) and gave the company a “hold” rating in a report on Monday, September 16th. Peel Hunt restated a “hold” rating on shares of MJ Gleeson in a research report on Monday, October 28th. Berenberg Bank raised their price target on MJ Gleeson from GBX 900 ($11.76) to GBX 920 ($12.02) and gave the stock a “buy” rating in a research report on Monday, September 16th. Finally, Liberum Capital restated a “buy” rating on shares of MJ Gleeson in a research report on Wednesday, October 30th.

The company has a market capitalization of $439.00 million and a P/E ratio of 13.71. The business has a 50-day moving average of GBX 802.04 and a 200-day moving average of GBX 818.83.

The business also recently declared a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 14th will be given a GBX 23 ($0.30) dividend. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from MJ Gleeson’s previous dividend of $11.50. This represents a yield of 2.74%. MJ Gleeson’s dividend payout ratio (DPR) is currently 0.57%.

In other MJ Gleeson news, insider James Thomson bought 2,465 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The stock was acquired at an average cost of GBX 800 ($10.45) per share, for a total transaction of £19,720 ($25,767.67). Also, insider Christopher H. B. Mills sold 4,640 shares of MJ Gleeson stock in a transaction on Friday, September 20th. The stock was sold at an average price of GBX 815 ($10.65), for a total value of £37,816 ($49,413.30).

MJ Gleeson Company Profile (LON:GLE)

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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