Liberum Capital Boosts MJ Gleeson (LON:GLE) Price Target to GBX 909

MJ Gleeson (LON:GLE) had its price target raised by Liberum Capital from GBX 900 ($11.76) to GBX 909 ($11.88) in a report issued on Monday, ThisIsMoney.Co.Uk reports. The firm currently has a buy rating on the stock.

Separately, Peel Hunt reiterated a hold rating on shares of MJ Gleeson in a report on Monday, September 9th.

Shares of LON:GLE opened at GBX 834 ($10.90) on Monday. The company has a market capitalization of $455.26 million and a price-to-earnings ratio of 12.43. MJ Gleeson has a 12 month low of GBX 600 ($7.84) and a 12 month high of GBX 940 ($12.28). The firm’s 50-day moving average is GBX 838.81 and its 200 day moving average is GBX 818.38.

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