MJ Gleeson (LON:GLE) Price Target Raised to GBX 910 at Berenberg Bank

MJ Gleeson (LON:GLE) had its price target upped by research analysts at Berenberg Bank from GBX 900 ($11.76) to GBX 910 ($11.89) in a research report issued on Tuesday, Digital Look reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 8.33% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Peel Hunt reaffirmed a “hold” rating and issued a GBX 770 ($10.06) target price on shares of MJ Gleeson in a research report on Friday, July 9th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,060 ($13.85) target price on shares of MJ Gleeson in a research report on Friday, July 9th. Finally, Peel Hunt reaffirmed a “hold” rating and issued a GBX 770 ($10.06) target price on shares of MJ Gleeson in a research report on Friday, July 9th.

MJ Gleeson stock opened at GBX 840 ($10.97) on Tuesday. The firm has a market capitalization of £489.77 million and a P/E ratio of 47.46. The stock has a fifty day moving average price of GBX 829.08 and a 200 day moving average price of GBX 842.89. MJ Gleeson has a 52 week low of GBX 512 ($6.69) and a 52 week high of GBX 910 ($11.89). The company has a current ratio of 5.20, a quick ratio of 1.00 and a debt-to-equity ratio of 1.08.

In other MJ Gleeson news, insider Stefan Allanson sold 23,829 shares of the company’s stock in a transaction that occurred on Tuesday, July 20th. The stock was sold at an average price of GBX 810 ($10.58), for a total transaction of £193,014.90 ($252,175.20).

MJ Gleeson Company Profile

MJ Gleeson plc engages in low-cost house building and strategic land promotion activities in the United Kingdom. The company operates through two divisions, Gleeson Homes and Gleeson Strategic Land. It engages in the house building activities on brownfield land in the north of England and Midlands; and strategic land trading primarily in the south of England.

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