MJ Gleeson PLC (LON:GLE) Insider James Thomson Buys 2,465 Shares

MJ Gleeson PLC (LON:GLE) insider James Thomson bought 2,465 shares of the stock in a transaction dated Tuesday, October 8th. The stock was bought at an average price of GBX 800 ($10.45) per share, with a total value of £19,720 ($25,767.67).

Shares of MJ Gleeson stock opened at GBX 798 ($10.43) on Friday. The company has a fifty day simple moving average of GBX 820.60 and a 200-day simple moving average of GBX 819.57. MJ Gleeson PLC has a 12-month low of GBX 600 ($7.84) and a 12-month high of GBX 940 ($12.28). The stock has a market cap of $435.61 million and a price-to-earnings ratio of 13.34.

The business also recently announced a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 14th will be issued a GBX 23 ($0.30) dividend. This is a boost from MJ Gleeson’s previous dividend of $11.50. The ex-dividend date of this dividend is Thursday, November 14th. This represents a dividend yield of 2.74%. MJ Gleeson’s dividend payout ratio is presently 0.57%.

Several research analysts have recently issued reports on the stock. Peel Hunt upped their target price on shares of MJ Gleeson from GBX 745 ($9.73) to GBX 800 ($10.45) and gave the company a “hold” rating in a report on Monday, September 16th. Berenberg Bank upped their target price on shares of MJ Gleeson from GBX 900 ($11.76) to GBX 920 ($12.02) and gave the company a “buy” rating in a report on Monday, September 16th. Liberum Capital restated a “buy” rating on shares of MJ Gleeson in a report on Tuesday, September 24th. Finally, Peel Hunt upped their target price on shares of MJ Gleeson from GBX 745 ($9.73) to GBX 800 ($10.45) and gave the company a “hold” rating in a report on Monday, September 16th.

MJ Gleeson Company Profile

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.

Further Reading: The limitations of an equal weight rating

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