Berenberg Bank Cuts MJ Gleeson (LON:GLE) Price Target to GBX 305

MJ Gleeson (LON:GLE) had its price objective cut by Berenberg Bank from GBX 310 to GBX 305 in a research note published on Friday, Marketbeat.com reports. They currently have a buy rating on the stock.

Separately, Royal Bank Of Canada reiterated an “underperform” rating and set a GBX 200 price objective on shares of MJ Gleeson in a report on Tuesday, September 15th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 252.50.

MJ Gleeson Price Performance

Shares of LON GLE opened at GBX 251.50 on Friday. The company has a fifty day moving average price of GBX 268.30 and a 200 day moving average price of GBX 261.06. The firm has a market cap of £146.72 million, a PE ratio of 10.25 and a beta of 0.62. The company has a current ratio of 3.47, a quick ratio of 0.89 and a debt-to-equity ratio of 3.34. MJ Gleeson has a 1-year low of GBX 214.09 and a 1-year high of GBX 435.

MJ Gleeson (LON:GLE) last released its quarterly earnings results on Tuesday, September 15th. The company reported GBX 14.09 earnings per share (EPS) for the quarter. MJ Gleeson had a negative return on equity of 0.64% and a negative net margin of 0.47%. Research analysts predict that MJ Gleeson will post 35.1412429 earnings per share for the current fiscal year.

About MJ Gleeson

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land.

Gleeson Homes, under the banner of “Building Homes. Changing Lives” builds high-quality affordable homes across the Midlands and North of England. To meet customer demand, and without compromising affordability, the range of homes available extends from one-bed apartments to five-bedroom houses. With a two-bedroom home available from £100,000, a key objective is to ensure that on all of our developments, a meaningful proportion of homes are affordable to a couple earning the National Living Wage.