MJ Gleeson PLC (GLE) Coverage Initiated at Peel Hunt
Equities researchers at Peel Hunt started coverage on shares of MJ Gleeson PLC (LON:GLE) in a research report issued on Monday. The firm set a “hold” rating and a GBX 715 ($9.40) price target on the stock. Peel Hunt’s price target indicates a potential upside of 0.68% from the company’s previous close.
Other research analysts also recently issued research reports about the stock. Liberum Capital upped their price objective on shares of MJ Gleeson PLC from GBX 742 ($9.76) to GBX 765 ($10.06) and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Berenberg Bank upped their price objective on shares of MJ Gleeson PLC from GBX 740 ($9.73) to GBX 820 ($10.79) and gave the stock a “buy” rating in a research report on Tuesday, July 18th.
MJ Gleeson PLC (LON GLE) opened at GBX 717 ($9.43) on Monday. MJ Gleeson PLC has a 1 year low of GBX 518 ($6.81) and a 1 year high of GBX 749.70 ($9.86).
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In other news, insider Jolyon Harrison sold 131,239 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of GBX 666 ($8.76), for a total transaction of £874,051.74 ($1,149,614.28). Insiders have bought 90 shares of company stock valued at $60,828 in the last three months.
MJ Gleeson PLC Company Profile
MJ Gleeson plc engages in the housebuilding and strategic land trading activities in the United Kingdom. The company operates through two divisions, Gleeson Homes and Gleeson Strategic Land. It focuses on urban housing regeneration activities on brownfield land in the north of England; and strategic land trading, primarily in the south of England.
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