MJ Gleeson (GLE) Earns “Hold” Rating from Peel Hunt

Peel Hunt reiterated their hold rating on shares of MJ Gleeson (LON:GLE) in a research report sent to investors on Wednesday morning.

Several other research analysts also recently weighed in on the company. Liberum Capital lifted their target price on MJ Gleeson from GBX 871 ($11.38) to GBX 884 ($11.55) and gave the company a buy rating in a research note on Tuesday, October 2nd. Berenberg Bank lifted their price target on MJ Gleeson from GBX 820 ($10.71) to GBX 890 ($11.63) and gave the company a buy rating in a research note on Wednesday, July 25th.

Shares of GLE stock opened at GBX 680 ($8.89) on Wednesday. MJ Gleeson has a twelve month low of GBX 550 ($7.19) and a twelve month high of GBX 810 ($10.58).

The firm also recently declared a dividend, which will be paid on Friday, December 14th. Investors of record on Thursday, November 15th will be paid a GBX 23 ($0.30) dividend. The ex-dividend date of this dividend is Thursday, November 15th. This is an increase from MJ Gleeson’s previous dividend of $9.00. This represents a dividend yield of 3.19%.

MJ Gleeson Company Profile

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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