Berenberg Bank Has Lowered Expectations for MJ Gleeson (LON:GLE) Stock Price

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

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

MJ Gleeson Stock Performance

GLE opened at GBX 255.63 on Friday. MJ Gleeson has a 52-week low of GBX 214.09 and a 52-week high of GBX 435. The firm has a market capitalization of £149.12 million, a PE ratio of 10.42 and a beta of 0.62. The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.89 and a current ratio of 3.47. The business’s 50-day simple moving average is GBX 268.18 and its 200 day simple moving average is GBX 261.77.

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

About MJ Gleeson

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.