MJ Gleeson plc (LON:GLE – Get Free Report)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 559.18 ($7.32) and traded as high as GBX 620 ($8.11). MJ Gleeson shares last traded at GBX 620 ($8.11), with a volume of 42,896 shares.
Analyst Ratings Changes
Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 643 ($8.42) price objective on shares of MJ Gleeson in a research report on Wednesday, September 18th.
Get Our Latest Analysis on GLE
MJ Gleeson Trading Up 1.6 %
MJ Gleeson Increases Dividend
The firm also recently declared 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 a positive change from MJ Gleeson’s previous dividend of $4.00. The ex-dividend date is Thursday, October 24th. MJ Gleeson’s dividend payout ratio (DPR) is presently 3,333.33%.
Insider Buying and Selling at MJ Gleeson
In related news, insider Christopher H. B. Mills sold 300,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of GBX 610 ($7.98), for a total value of £1,830,000 ($2,394,974.48). In other news, insider Christopher H. B. Mills sold 300,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of GBX 610 ($7.98), for a total transaction of £1,830,000 ($2,394,974.48). Also, insider Christopher H. B. Mills sold 200,000 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of GBX 600 ($7.85), for a total value of £1,200,000 ($1,570,475.07). 16.85% of the stock is owned by company insiders.
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.
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