In our view, Gleeson’s recent share price weakness is undeserved and represents a buying opportunity. After outperforming peers in 2016, the shares have underperformed this year and have been particularly weak recently, falling by 14% in the past week. Gleeson’s year end update is scheduled for next Wednesday, 5th July. We expect a positive update, noting the strength of demand evident at the interim stage when queues were forming on some sites. The trading update should bring confirmation that ....
29 Jun 2017
N+1 Singer - MJ Gleeson - Share price weakness unwarranted – well set for continued growth
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N+1 Singer - MJ Gleeson - Share price weakness unwarranted – well set for continued growth
MJ Gleeson PLC (GLE:LON) | 495 -17.3 (-0.7%) | Mkt Cap: 289.0m
- Published:
29 Jun 2017 -
Author:
James Tetley -
Pages:
3
In our view, Gleeson’s recent share price weakness is undeserved and represents a buying opportunity. After outperforming peers in 2016, the shares have underperformed this year and have been particularly weak recently, falling by 14% in the past week. Gleeson’s year end update is scheduled for next Wednesday, 5th July. We expect a positive update, noting the strength of demand evident at the interim stage when queues were forming on some sites. The trading update should bring confirmation that ....