Shares of MJ Gleeson plc (LON:GLE – Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.
Analysts Set New Price Targets
Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 643 ($8.42) price target on shares of MJ Gleeson in a report on Wednesday, September 18th.
Read Our Latest Analysis on MJ Gleeson
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 is an increase from MJ Gleeson’s previous dividend of $4.00. The ex-dividend date of this dividend is Thursday, October 24th. This represents a dividend yield of 1.25%. MJ Gleeson’s payout ratio is 3,333.33%.
Insider Activity at MJ Gleeson
In related news, insider Christopher H. B. Mills sold 200,000 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of GBX 600 ($7.85), for a total transaction of £1,200,000 ($1,570,475.07). In other MJ Gleeson news, insider Christopher H. B. Mills sold 300,000 shares of the company’s stock in a transaction dated 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). Also, insider Christopher H. B. Mills sold 200,000 shares of MJ Gleeson stock in a transaction on Friday, July 19th. The shares were 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 corporate insiders.
About MJ Gleeson
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.
Recommended Stories
- Five stocks we like better than MJ Gleeson
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- 3 Micro-Caps Set for Major Moves: Balancing Risk and Opportunity
- What is Forex and How Does it Work?
- Autodesk Named a “Top Pick” by Morgan Stanley—Is It Time to Buy?
- What is a SEC Filing?
- 4 Quirky ETFs With Big Potential for Impressive Gains
Receive News & Ratings for MJ Gleeson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MJ Gleeson and related companies with MarketBeat.com's FREE daily email newsletter.