Mj Gleeson Plc (GLE) PT Raised to GBX 765 at Liberum Capital

Mj Gleeson Plc (LON:GLE) had its price target upped by analysts at Liberum Capital from GBX 742 ($9.63) to GBX 765 ($9.93) in a report released on Wednesday, July 19th. The brokerage presently has a “buy” rating on the stock. Liberum Capital’s price target would indicate a potential upside of 18.60% from the stock’s previous close.

Separately, Berenberg Bank initiated coverage on shares of Mj Gleeson Plc in a report on Wednesday, April 5th. They issued a “buy” rating and a GBX 740 ($9.61) target price for the company.

Mj Gleeson Plc (LON:GLE) opened at 630.00 on Wednesday. Mj Gleeson Plc has a 1-year low of GBX 467.00 and a 1-year high of GBX 708.50. The firm’s 50 day moving average price is GBX 662.93 and its 200-day moving average price is GBX 632.19. The stock’s market cap is GBX 340.60 million.

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In other Mj Gleeson Plc news, insider Jolyon Harrison purchased 1,500 shares of the stock in a transaction dated Monday, May 22nd. The shares were acquired at an average cost of GBX 622 ($8.07) per share, for a total transaction of £9,330 ($12,112.16). Insiders bought 1,592 shares of company stock worth $993,077 over the last quarter.

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.