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MJ Gleeson PLC ( (GB:GLE) ) has issued an announcement.
MJ Gleeson plc reported a 22% increase in net reservation rates for Gleeson Homes, despite subdued demand due to economic uncertainty. The company opened six new build sites and commenced sales on five new sites since the start of the 2026 financial year. Gleeson Land completed the sale of two small sites and is on track with its growth plans, aiming to submit 18 planning applications in the first half of the financial year. The Board expects financial results for the year ending June 2026 to align with market expectations, with a trading update scheduled for January 2026.
The most recent analyst rating on (GB:GLE) stock is a Hold with a £388.00 price target. To see the full list of analyst forecasts on MJ Gleeson PLC stock, see the GB:GLE Stock Forecast page.
Spark’s Take on GB:GLE Stock
According to Spark, TipRanks’ AI Analyst, GB:GLE is a Neutral.
MJ Gleeson PLC’s overall stock score is driven by a strong balance sheet and reasonable valuation. However, challenges with profitability margins and cash flow volatility weigh on the score. Technical indicators show mixed signals, with short-term bullish momentum but potential bearish pressure.
To see Spark’s full report on GB:GLE stock, click here.
More about MJ Gleeson PLC
MJ Gleeson plc operates through two divisions: Gleeson Homes and Gleeson Land. Gleeson Homes focuses on building high-quality, affordable homes across the Midlands and North of England, offering a range of properties from one-bedroom apartments to five-bedroom houses. The company emphasizes affordability, ensuring homes are accessible to those earning the National Living Wage. Gleeson Land, on the other hand, promotes land development opportunities in South, West, and Central England, enhancing property value and managing site sales to developers.
Average Trading Volume: 110,750
Technical Sentiment Signal: Sell
Current Market Cap: £217.7M
See more insights into GLE stock on TipRanks’ Stock Analysis page.