MJ Gleeson (LON:GLE) PT Raised to GBX 800

MJ Gleeson (LON:GLE) had its price objective upped by Peel Hunt from GBX 745 ($9.73) to GBX 800 ($10.45) in a report issued on Monday morning, Digital Look reports. They currently have a hold rating on the stock.

Separately, Liberum Capital lifted their price target on MJ Gleeson from GBX 900 ($11.76) to GBX 909 ($11.88) and gave the stock a buy rating in a research note on Monday.

LON:GLE opened at GBX 812 ($10.61) on Monday. The company has a market capitalization of $443.25 million and a PE ratio of 12.10. MJ Gleeson has a 52-week low of GBX 600 ($7.84) and a 52-week high of GBX 940 ($12.28). The stock has a fifty day simple moving average of GBX 838.68 and a 200-day simple moving average of GBX 818.59.

The company also recently declared a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 14th will be paid a dividend of GBX 23 ($0.30) per share. This represents a dividend yield of 2.74%. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from MJ Gleeson’s previous dividend of $11.50. MJ Gleeson’s payout ratio is 0.51%.

MJ Gleeson Company Profile

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.

See Also: Buyback

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