MJ Gleeson plc (LON:GLE) shares hit a new 52-week high on Wednesday . The company traded as high as GBX 900 ($11.76) and last traded at GBX 870 ($11.37), with a volume of 67258 shares changing hands. The stock had previously closed at GBX 870 ($11.37).
Several equities research analysts have recently issued reports on the stock. Berenberg Bank lifted their price objective on shares of MJ Gleeson from GBX 840 ($10.97) to GBX 842 ($11.00) and gave the stock a “buy” rating in a research report on Monday, February 15th. Liberum Capital lifted their price target on MJ Gleeson from GBX 1,000 ($13.07) to GBX 1,060 ($13.85) and gave the stock a “buy” rating in a report on Monday, May 24th.
The company has a debt-to-equity ratio of 1.08, a current ratio of 5.20 and a quick ratio of 1.00. The business’s 50 day moving average is GBX 863.78. The company has a market cap of £503.33 million and a P/E ratio of 48.81.
MJ Gleeson plc engages in low-cost house building and strategic land promotion activities in the United Kingdom. The company operates through two divisions, Gleeson Homes and Gleeson Strategic Land. It engages in the house building activities on brownfield land in the north of England and Midlands; and strategic land trading primarily in the south of England.
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