Peel Hunt Reiterates “Hold” Rating for MJ Gleeson (LON:GLE)
Peel Hunt reiterated their hold rating on shares of MJ Gleeson (LON:GLE) in a research note issued to investors on Monday morning, ThisIsMoney.Co.Uk reports.
Other equities analysts have also issued reports about the company. Berenberg Bank raised their target price on MJ Gleeson from GBX 920 ($12.10) to GBX 1,160 ($15.26) and gave the company a buy rating in a report on Thursday, January 9th. Liberum Capital upped their price target on MJ Gleeson from GBX 909 ($11.96) to GBX 1,050 ($13.81) and gave the stock a buy rating in a research note on Thursday, January 9th. Finally, Canaccord Genuity increased their price objective on MJ Gleeson from GBX 870 ($11.44) to GBX 920 ($12.10) and gave the company a hold rating in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of GBX 970 ($12.76).
GLE stock opened at GBX 982 ($12.92) on Monday. The firm has a 50 day moving average of GBX 952.48 and a two-hundred day moving average of GBX 857.43. MJ Gleeson has a 12 month low of GBX 690 ($9.08) and a 12 month high of GBX 1,010 ($13.29). The company has a market capitalization of $543.41 million and a price-to-earnings ratio of 16.42.
The company also recently disclosed a dividend, which will be paid on Friday, April 3rd. Stockholders of record on Thursday, March 5th will be paid a GBX 12 ($0.16) dividend. This represents a dividend yield of 1.22%. The ex-dividend date is Thursday, March 5th. MJ Gleeson’s payout ratio is 0.57%.
In related news, insider Stefan Allanson sold 13,398 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of GBX 939 ($12.35), for a total transaction of £125,807.22 ($165,492.27).
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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