M J Gleeson Group PLC (LON:GLE)‘s stock had its “buy” rating reissued by equities researchers at Liberum Capital in a research note issued on Monday. They presently have a GBX 693 ($9.05) target price on the stock. Liberum Capital’s target price points to a potential upside of 17.46% from the stock’s current price.
Separately, N+1 Singer reiterated a “corporate” rating on shares of M J Gleeson Group PLC in a research note on Monday, September 26th.
Shares of M J Gleeson Group PLC (LON:GLE) opened at 590.60 on Monday. M J Gleeson Group PLC has a 52 week low of GBX 385.00 and a 52 week high of GBX 630.00. The firm has a 50-day moving average price of GBX 568.46 and a 200-day moving average price of GBX 546.20. The stock’s market cap is GBX 319.26 million.
The business also recently announced a dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, November 17th will be paid a GBX 10 ($0.13) dividend. The ex-dividend date is Thursday, November 17th. This represents a dividend yield of 1.65%. This is a positive change from M J Gleeson Group PLC’s previous dividend of $4.50.
In other news, insider Christopher H. B. Mills sold 1,000,000 shares of the stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of GBX 600 ($7.83), for a total value of £6,000,000 ($7,831,875.73).
M J Gleeson Group PLC Company Profile
M J Gleeson Group PLC is engaged in house building on brownfield land in the North of England with an emphasis on homes for local communities, and land trading, in the South of England, and benefiting from the enhancement of the value of green field sites by securing residential planning consents. The Company’s subsidiaries are engaged in provision of bid management; construction services; house building, housing regeneration and strategic land trading; investment in equity shares and loan stock of project companies delivering services under the Government’s private finance initiative; commercial property development; house building and housing regeneration; strategic land trading, and house building and housing regeneration.
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