0953 GMT - MJ Gleeson retains significant medium-term upside as the housebuilder moves toward a target of operating 100 outlets and potentially achieve a share price in excess of 900 pence, Peel Hunt analysts Sam Cullen and Clyde Lewis say in a note. Despite trimming near-term profit forecasts for fiscal 2027 and 2028 by 3%, or 1 million pounds per year, as it still faces cost pressures, analysts say it has the potential to broadly triple profits. "We remain confident the group will experience a material uptick in profitability over the medium term, as outlets return to growth in FY 2027 and beyond," the analysts say. Shares are up 3.9% at 400 pence. (anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
January 16, 2026 04:54 ET (09:54 GMT)
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