Berenberg Bank Cuts MJ Gleeson (LON:GLE) Price Target to GBX 305

MJ Gleeson (LON:GLE) had its price objective decreased by Berenberg Bank from GBX 310 to GBX 305 in a report issued on Friday, London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 19.31% from the company’s current price.

Separately, Royal Bank Of Canada reaffirmed an “underperform” rating and issued a GBX 200 price objective on shares of MJ Gleeson in a report on Tuesday. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, MJ Gleeson presently has a consensus rating of “Hold” and a consensus price target of GBX 252.50.

MJ Gleeson Trading Down 0.5%

GLE stock opened at GBX 255.63 on Friday. MJ Gleeson has a one year low of GBX 214.09 and a one year high of GBX 435. The stock has a market cap of £149.12 million, a price-to-earnings ratio of 10.42 and a beta of 0.62. The company has a fifty day moving average price of GBX 268.18 and a two-hundred day moving average price of GBX 261.77. The company has a debt-to-equity ratio of 3.34, a current ratio of 3.47 and a quick ratio of 0.89.

MJ Gleeson (LON:GLE) last released its quarterly earnings results on Tuesday, September 15th. The company reported GBX 14.09 earnings per share for the quarter. MJ Gleeson had a negative net margin of 0.47% and a negative return on equity of 0.64%. Equities analysts anticipate that MJ Gleeson will post 35.1412429 EPS for the current year.

MJ Gleeson Company Profile

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land.

Gleeson Homes, under the banner of “Building Homes. Changing Lives” builds high-quality affordable homes across the Midlands and North of England. To meet customer demand, and without compromising affordability, the range of homes available extends from one-bed apartments to five-bedroom houses. With a two-bedroom home available from £100,000, a key objective is to ensure that on all of our developments, a meaningful proportion of homes are affordable to a couple earning the National Living Wage.