MJ Gleeson (LON:GLE) PT Raised to GBX 800 at Peel Hunt

MJ Gleeson (LON:GLE) had its price target lifted by Peel Hunt from GBX 745 ($9.73) to GBX 800 ($10.45) in a report published on Monday, Digital Look reports. Peel Hunt currently has a hold rating on the stock.

Separately, Liberum Capital raised their price target on shares of MJ Gleeson from GBX 900 ($11.76) to GBX 909 ($11.88) and gave the company a buy rating in a research report on Monday.

Shares of GLE opened at GBX 834 ($10.90) on Monday. The company has a market capitalization of $455.26 million and a P/E ratio of 12.43. The firm has a 50 day moving average of GBX 838.81 and a 200 day moving average of GBX 818.38. MJ Gleeson has a twelve month low of GBX 600 ($7.84) and a twelve month high of GBX 940 ($12.28).

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, November 14th. This represents a dividend yield of 2.74%. This is an increase from MJ Gleeson’s previous dividend of $11.50. MJ Gleeson’s dividend payout ratio (DPR) is 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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