N+1 Singer Reaffirms “Corporate” Rating for M J Gleeson Group PLC (GLE)

N+1 Singer reaffirmed their corporate rating on shares of M J Gleeson Group PLC (LON:GLE) in a report published on Monday morning.

Separately, Liberum Capital raised their price target on shares of M J Gleeson Group PLC from GBX 526 ($6.87) to GBX 660 ($8.62) and gave the stock a buy rating in a research note on Friday, September 23rd.

M J Gleeson Group PLC (LON:GLE) opened at 600.00 on Monday. The company has a 50 day moving average price of GBX 564.59 and a 200 day moving average price of GBX 545.50. M J Gleeson Group PLC has a 1-year low of GBX 385.00 and a 1-year high of GBX 630.00. The firm’s market cap is GBX 322.54 million.

The company also recently announced 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 represents a dividend yield of 1.65%. This is a boost from M J Gleeson Group PLC’s previous dividend of $4.50.

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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