MJ Gleeson (LON:GLE) had its price objective lifted by analysts at Peel Hunt from GBX 630 ($8.23) to GBX 715 ($9.34) in a report issued on Thursday. The firm currently has a “hold” rating on the stock. Peel Hunt’s target price would suggest a potential downside of 7.98% from the stock’s previous close.
Several other analysts have also weighed in on GLE. Liberum Capital reiterated a “buy” rating and set a GBX 835 ($10.91) target price on shares of MJ Gleeson in a research note on Monday. Berenberg Bank lowered their target price on shares of MJ Gleeson from GBX 920 ($12.02) to GBX 900 ($11.76) and set a “buy” rating for the company in a research note on Monday, January 28th.
GLE stock opened at GBX 777 ($10.15) on Thursday. MJ Gleeson has a 1-year low of GBX 550 ($7.19) and a 1-year high of GBX 810 ($10.58).
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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