MJ Gleeson Stock Slammed by Analysts as 'Underperform' Rating Reaffirmed
Analysts at Royal Bank Of Canada have reaffirmed their 'underperform' rating for MJ Gleeson (LON:GLE) in a research note issued to investors on Tuesday, according to Digital Look. The bank's price target of GBX 200 would indicate a potential downside of 20% from the company's current price.
This is not the first negative assessment of MJ Gleeson's stock this year; Berenberg Bank dropped their price target on shares of MJ Gleeson from GBX 345 to GBX 310 and set a 'buy' rating for the company in a research report on Thursday, June 11th. The consensus rating among analysts is currently 'hold', with a consensus target price of GBX 255.
MJ Gleeson's current share price opened at GBX 250 on Tuesday. The firm's fifty day simple moving average is GBX 267.37 and its 200 day simple moving average is GBX 263.12. MJ Gleeson has a market capitalization of £145.84 million, a P/E ratio of 10.19 and a beta of 0.62.