MJ Gleeson (LON:GLE) Given Buy Rating at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of MJ Gleeson (LON:GLE) in a research report sent to investors on Wednesday morning, Marketbeat reports. Berenberg Bank currently has a GBX 643 ($8.49) price objective on the stock.

MJ Gleeson Stock Performance

Shares of LON:GLE opened at GBX 592 ($7.82) on Wednesday. The firm has a market cap of £345.61 million, a PE ratio of 2,041.38 and a beta of 1.14. The firm’s 50 day simple moving average is GBX 588.40 and its 200-day simple moving average is GBX 548.05. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.89 and a current ratio of 4.61. MJ Gleeson has a one year low of GBX 381 ($5.03) and a one year high of GBX 630 ($8.32).

MJ Gleeson Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 24th will be paid a GBX 7 ($0.09) dividend. This represents a yield of 1.25%. This is an increase from MJ Gleeson’s previous dividend of $4.00. The ex-dividend date of this dividend is Thursday, October 24th. MJ Gleeson’s dividend payout ratio (DPR) is 4,482.76%.

Insider Transactions at MJ Gleeson

In other news, insider Christopher H. B. Mills sold 200,000 shares of MJ Gleeson stock in a transaction on Friday, July 19th. The shares were sold at an average price of GBX 600 ($7.93), for a total transaction of £1,200,000 ($1,585,204.76). Insiders own 16.93% of the company’s stock.

MJ Gleeson Company Profile

MJ Gleeson plc engages in low-cost house building and land promotion activities in the United Kingdom. The company operates through two divisions, Gleeson Homes and Gleeson Land. It also engages in the house building activities in the north of England and Midlands; and sale of land in the south of England.