Liberum Capital Reaffirms Buy Rating for Mj Gleeson Plc (LON:GLE)

Liberum Capital reissued their buy rating on shares of Mj Gleeson Plc (LON:GLE) in a research note issued to investors on Friday, October 20th. They currently have a GBX 804 ($10.61) price target on the stock.

Separately, Berenberg Bank upped their target price on shares of Mj Gleeson Plc from GBX 740 ($9.77) to GBX 820 ($10.82) and gave the company a buy rating in a report on Tuesday, July 18th.

Shares of Mj Gleeson Plc (LON GLE) opened at 700.00 on Friday. The stock’s market capitalization is GBX 378.47 million. Mj Gleeson Plc has a 52-week low of GBX 467.00 and a 52-week high of GBX 710.00. The company has a 50 day moving average price of GBX 657.95 and a 200-day moving average price of GBX 652.27.

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The company also recently declared a dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be paid a dividend of GBX 17.50 ($0.23) per share. This represents a dividend yield of 2.69%. This is a positive change from Mj Gleeson Plc’s previous dividend of $6.50. The ex-dividend date is Thursday, November 16th.

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 ($8.79), for a total transaction of £874,051.74 ($1,153,406.89). Over the last quarter, insiders have bought 91 shares of company stock worth $59,678.

About Mj Gleeson Plc

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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