MJ Gleeson Stock Up 1.6%
Shares of LON GLE opened at GBX 636 ($8.31) on Friday. The company has a high debt-to-equity ratio of 8.37 and a market value of £371.30 million. MJ Gleeson’s stock has ranged from a low of GBX 386 ($5.04) to a high of GBX 645 ($8.42) over the past year.
MJ Gleeson Increases Dividend
MJ Gleeson announced a dividend of GBX 7 ($0.09) per share, to be paid on November 22nd. This is an increase from the previous dividend of £4.00, offering a yield of 1.25%.
Analyst Updates
Berenberg Bank maintained a “buy” rating for MJ Gleeson and set a target price of GBX 643 ($8.40) in a report from September 18th.
Company Overview
MJ Gleeson plc focuses on affordable housing and land promotion in the UK, operating mainly in northern England and the Midlands through its Gleeson Homes and Gleeson Land divisions.
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