Mj Gleeson Plc (LON:GLE) had its price objective hoisted by Berenberg Bank from GBX 740 ($9.64) to GBX 820 ($10.68) in a research note issued to investors on Tuesday, July 18th, MarketBeat.com reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 22.39% from the company’s previous close.
Separately, Liberum Capital upped their price objective on Mj Gleeson Plc from GBX 662 ($8.62) to GBX 700 ($9.12) and gave the stock a “buy” rating in a research note on Tuesday, April 4th.
Shares of Mj Gleeson Plc (LON:GLE) opened at 670.00 on Tuesday. Mj Gleeson Plc has a 1-year low of GBX 467.00 and a 1-year high of GBX 705.00. The company’s market cap is GBX 362.23 million. The company’s 50-day moving average price is GBX 655.21 and its 200 day moving average price is GBX 623.47.
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In other news, insider Jolyon Harrison bought 1,500 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was bought at an average price of GBX 622 ($8.10) per share, with a total value of £9,330 ($12,154.77). Insiders purchased a total of 1,600 shares of company stock valued at $996,957 in the last ninety days.
About Mj Gleeson 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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