MJ Gleeson PLC (LON:GLE) Insider Stefan Allanson Sells 34,663 Shares

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MJ Gleeson PLC (LON:GLE) insider Stefan Allanson sold 34,663 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of GBX 800 ($10.45), for a total transaction of £277,304 ($362,346.79).

Shares of MJ Gleeson stock opened at GBX 804 ($10.51) on Friday. The company has a 50-day moving average of GBX 803.40 and a 200 day moving average of GBX 818.43. The firm has a market cap of $439.00 million and a price-to-earnings ratio of 13.44. MJ Gleeson PLC has a 1 year low of GBX 600 ($7.84) and a 1 year high of GBX 940 ($12.28).

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

Several research analysts recently issued reports on the stock. Peel Hunt reiterated a “hold” rating on shares of MJ Gleeson in a research note on Monday, October 28th. Peel Hunt increased their price target on shares of MJ Gleeson from GBX 745 ($9.73) to GBX 800 ($10.45) and gave the stock a “hold” rating in a research note on Monday, September 16th. Liberum Capital reiterated a “buy” rating on shares of MJ Gleeson in a research note on Wednesday, October 30th. Finally, Berenberg Bank increased their price target on shares of MJ Gleeson from GBX 900 ($11.76) to GBX 920 ($12.02) and gave the stock a “buy” rating in a research note 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.

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