Insider Buying: MJ Gleeson PLC (GLE) Insider Acquires 28 Shares of Stock

MJ Gleeson PLC (LON:GLE) insider Stefan Allanson bought 28 shares of the firm’s stock in a transaction that occurred on Monday, November 5th. The shares were purchased at an average cost of GBX 700 ($9.15) per share, for a total transaction of £196 ($256.11).

MJ Gleeson stock opened at GBX 690 ($9.02) on Friday. MJ Gleeson PLC has a 1-year low of GBX 550 ($7.19) and a 1-year high of GBX 810 ($10.58).

The company also recently announced a dividend, which will be paid on Friday, December 14th. Investors of record on Thursday, November 15th will be issued a dividend of GBX 23 ($0.30) per share. This represents a yield of 3.19%. The ex-dividend date is Thursday, November 15th. This is a positive change from MJ Gleeson’s previous dividend of $9.00.

A number of analysts recently weighed in on GLE shares. Peel Hunt upped their target price on shares of MJ Gleeson from GBX 720 ($9.41) to GBX 740 ($9.67) and gave the stock a “hold” rating in a report on Monday, September 17th. Liberum Capital reaffirmed a “buy” rating on shares of MJ Gleeson in a report on Tuesday, October 30th. Finally, Berenberg Bank upped their target price on shares of MJ Gleeson from GBX 820 ($10.71) to GBX 890 ($11.63) and gave the stock a “buy” rating in a report on Wednesday, July 25th.

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About MJ Gleeson

MJ Gleeson plc engages in urban housing regeneration and strategic land trading activities in the United Kingdom. The company operates through two divisions, Gleeson Homes and Gleeson Strategic Land. It engages in house building activities on brownfield land in the north of England; and strategic land trading, primarily in the south of England.

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