Liberum Capital reaffirmed their buy rating on shares of M J Gleeson Group PLC (LON:GLE) in a research report sent to investors on Monday morning. Liberum Capital currently has a GBX 693 ($9.05) price objective on the stock.
Separately, N+1 Singer reaffirmed a corporate rating on shares of M J Gleeson Group PLC in a research note on Monday, September 26th.
M J Gleeson Group PLC (LON:GLE) remained flat at GBX 603.00 during mid-day trading on Monday. The company’s stock had a trading volume of 32,352 shares. The firm’s market cap is GBX 325.96 million. The firm 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 also recently declared a dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, November 17th will be paid a GBX 10 ($0.13) dividend. The ex-dividend date of this dividend is Thursday, November 17th. This is a positive change from M J Gleeson Group PLC’s previous dividend of $4.50. This represents a dividend yield of 1.65%.
In other news, insider Christopher H. B. Mills sold 1,000,000 shares of M J Gleeson Group PLC stock in a transaction that occurred 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).
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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