Mj Gleeson Plc (LON:GLE) had its target price raised by equities research analysts at Berenberg Bank from GBX 740 ($9.61) to GBX 820 ($10.65) in a research report issued to clients and investors on Tuesday, July 18th, MarketBeat.com reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 27.13% from the company’s previous close.
Separately, Liberum Capital reiterated a “buy” rating and issued a GBX 700 ($9.09) price target on shares of Mj Gleeson Plc in a research note on Thursday, May 25th.
Shares of Mj Gleeson Plc (LON:GLE) traded up 1.47% during midday trading on Tuesday, hitting GBX 654.50. The stock had a trading volume of 531 shares. Mj Gleeson Plc has a 1-year low of GBX 467.00 and a 1-year high of GBX 708.50. The stock’s market cap is GBX 353.85 million. The firm’s 50-day moving average price is GBX 662.93 and its 200-day moving average price is GBX 632.19.
In other news, insider Jolyon Harrison acquired 1,500 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was purchased at an average price of GBX 622 ($8.07) per share, for a total transaction of £9,330 ($12,112.16). In the last 90 days, insiders have bought 1,592 shares of company stock valued at $993,077.
Mj Gleeson Plc Company Profile
MJ Gleeson plc engages in the housebuilding and strategic land trading activities in the United Kingdom. The company operates through two divisions, Gleeson Homes and Gleeson Strategic Land. It focuses on urban housing regeneration activities on brownfield land in the north of England; and strategic land trading, primarily in the south of England.
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