MJ Gleeson (LON:GLE) Releases Quarterly Earnings Results

MJ Gleeson (LON:GLE) issued its quarterly earnings results on Thursday. The company reported GBX 19.91 ($0.26) earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Shares of GLE stock opened at GBX 976 ($12.84) on Friday. The company has a 50 day moving average of GBX 953.08 and a 200-day moving average of GBX 858.30. MJ Gleeson has a 12-month low of GBX 690 ($9.08) and a 12-month high of GBX 1,010 ($13.29). The firm has a market cap of $540.09 million and a P/E ratio of 16.32.

The business also recently declared a dividend, which will be paid on Friday, April 3rd. Stockholders of record on Thursday, March 5th will be paid a dividend of GBX 12 ($0.16) per share. The ex-dividend date is Thursday, March 5th. This represents a dividend yield of 1.22%. MJ Gleeson’s payout ratio is currently 0.57%.

Several equities research analysts have recently issued reports on GLE shares. Liberum Capital restated a “buy” rating on shares of MJ Gleeson in a research note on Thursday. Berenberg Bank raised their price target on shares of MJ Gleeson from GBX 920 ($12.10) to GBX 1,160 ($15.26) and gave the stock a “buy” rating in a research note on Thursday, January 9th. Canaccord Genuity raised their price target on shares of MJ Gleeson from GBX 870 ($11.44) to GBX 920 ($12.10) and gave the stock a “hold” rating in a research note on Tuesday, January 7th. Finally, Peel Hunt restated a “hold” rating on shares of MJ Gleeson in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 970 ($12.76).

In other news, insider Stefan Allanson sold 13,398 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of GBX 939 ($12.35), for a total transaction of £125,807.22 ($165,492.27).

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.

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