MJ Gleeson’s (GLE) Hold Rating Reaffirmed at Peel Hunt

Peel Hunt reaffirmed their hold rating on shares of MJ Gleeson (LON:GLE) in a research note released on Monday morning, Stock Target Advisor reports.

Several other analysts have also recently issued reports on GLE. Peel Hunt upped their price objective on shares of MJ Gleeson from GBX 745 ($9.73) to GBX 800 ($10.45) and gave the company a hold rating in a research note on Monday, September 16th. Liberum Capital reaffirmed a buy rating on shares of MJ Gleeson in a research note on Wednesday, October 30th. Finally, Berenberg Bank upped their price objective on shares of MJ Gleeson from GBX 900 ($11.76) to GBX 920 ($12.02) and gave the company a buy rating in a research note on Monday, September 16th.

Shares of GLE traded down GBX 34 ($0.44) during mid-day trading on Monday, hitting GBX 782 ($10.22). 7,635 shares of the company were exchanged, compared to its average volume of 96,029. MJ Gleeson has a 1-year low of GBX 600 ($7.84) and a 1-year high of GBX 940 ($12.28). The company has a 50 day moving average of GBX 803.40 and a 200-day moving average of GBX 818. The stock has a market cap of $426.99 million and a price-to-earnings ratio of 13.08.

The firm also recently disclosed 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 yield of 2.74%. The ex-dividend date is Thursday, November 14th. This is a boost from MJ Gleeson’s previous dividend of $11.50. MJ Gleeson’s dividend payout ratio is currently 0.57%.

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

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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