Liberum Capital Raises MJ Gleeson (LON:GLE) Price Target to GBX 909

MJ Gleeson (LON:GLE) had its price objective lifted by Liberum Capital from GBX 900 ($11.76) to GBX 909 ($11.88) in a research report released on Monday, ThisIsMoney.Co.Uk reports. The firm currently has a buy rating on the stock.

Separately, Peel Hunt restated a hold rating on shares of MJ Gleeson in a research report on Monday, September 9th.

Shares of GLE stock opened at GBX 812 ($10.61) on Monday. MJ Gleeson has a twelve month low of GBX 600 ($7.84) and a twelve month high of GBX 940 ($12.28). The company has a market cap of $443.25 million and a P/E ratio of 12.10. The business has a fifty day simple moving average of GBX 838.68 and a 200 day simple moving average of GBX 818.59.

The firm also recently disclosed a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 14th will be given a dividend of GBX 23 ($0.30) per share. This is an increase from MJ Gleeson’s previous dividend of $11.50. This represents a dividend yield of 2.74%. The ex-dividend date of this dividend is Thursday, November 14th. MJ Gleeson’s dividend payout ratio is currently 0.51%.

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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