Mj Gleeson (GLE) Announces Quarterly Earnings Results

Mj Gleeson (LON:GLE) posted its earnings results on Monday. The company reported GBX 20.90 ($0.29) earnings per share for the quarter, Bloomberg Earnings reports. The firm had revenue of £774 billion during the quarter.

Shares of Mj Gleeson (GLE) opened at GBX 735.50 ($10.16) on Tuesday. Mj Gleeson has a twelve month low of GBX 545 ($7.53) and a twelve month high of GBX 810 ($11.19).

GLE has been the topic of a number of research analyst reports. Peel Hunt initiated coverage on shares of Mj Gleeson in a report on Monday, November 13th. They set a “hold” rating and a GBX 715 ($9.88) price objective on the stock. Liberum Capital raised their price objective on shares of Mj Gleeson from GBX 765 ($10.57) to GBX 804 ($11.11) and gave the stock a “buy” rating in a report on Thursday, December 7th.

In related news, insider Christopher H. B. Mills sold 500,000 shares of the firm’s stock in a transaction on Thursday, November 23rd. The shares were sold at an average price of GBX 725 ($10.02), for a total transaction of £3,625,000 ($5,008,289.58).

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About Mj Gleeson

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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