M J Gleeson Group PLC (GLE) Receives Buy Rating from Liberum Capital
Liberum Capital reissued their buy rating on shares of M J Gleeson Group PLC (LON:GLE) in a research report report published on Monday. The firm currently has a GBX 693 ($9.05) price target on the stock.
Separately, N+1 Singer reiterated a corporate rating on shares of M J Gleeson Group PLC in a research note on Monday, September 26th.
Shares of M J Gleeson Group PLC (LON:GLE) remained flat at GBX 603.00 during mid-day trading on Monday. 32,352 shares of the stock traded hands. The company has a 50-day moving average of GBX 571.78 and a 200-day moving average of GBX 545.85. M J Gleeson Group PLC has a 12 month low of GBX 385.00 and a 12 month high of GBX 630.00. The company’s market cap is GBX 325.96 million.
The company also recently disclosed a dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, November 17th will be issued a dividend of GBX 10 ($0.13) per share. This represents a dividend yield of 1.65%. This is a boost from M J Gleeson Group PLC’s previous dividend of $4.50. The ex-dividend date is Thursday, November 17th.
In related news, insider Christopher H. B. Mills sold 1,000,000 shares of the stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of GBX 600 ($7.83), for a total transaction of £6,000,000 ($7,831,875.73).
M J Gleeson Group PLC Company Profile
M J Gleeson Group PLC is engaged in house building on brownfield land in the North of England with an emphasis on homes for local communities, and land trading, in the South of England, and benefiting from the enhancement of the value of green field sites by securing residential planning consents. The Company’s subsidiaries are engaged in provision of bid management; construction services; house building, housing regeneration and strategic land trading; investment in equity shares and loan stock of project companies delivering services under the Government’s private finance initiative; commercial property development; house building and housing regeneration; strategic land trading, and house building and housing regeneration.
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