M J Gleeson Group PLC (LON:GLE) insider Christopher H. B. Mills sold 1,000,000 shares of the firm’s stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of GBX 600 ($7.83), for a total value of £6,000,000 ($7,831,875.73).
Shares of M J Gleeson Group PLC (LON:GLE) opened at 590.00 on Monday. 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 50 day moving average price is GBX 568.46 and its 200 day moving average price is GBX 546.20. The firm’s market cap is GBX 318.94 million.
The business also recently announced a dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, November 17th will be given a dividend of GBX 10 ($0.13) per share. The ex-dividend date is Thursday, November 17th. This represents a dividend yield of 1.65%. This is an increase from M J Gleeson Group PLC’s previous dividend of $4.50.
Several brokerages have recently issued reports on GLE. Liberum Capital lifted their price target on M J Gleeson Group PLC from GBX 526 ($6.87) to GBX 660 ($8.62) and gave the company a “buy” rating in a research note on Friday, September 23rd. N+1 Singer reiterated a “corporate” rating on shares of M J Gleeson Group PLC in a research note on Monday, September 26th.
About M J Gleeson Group PLC
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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