Liberum Capital Maintains a Buy Rating on Gleeson M J Group PLC (LON:GLE) and GBX 804.00 Target; Morgan Stanley Decreased By $1.56 Million Its Snyders (LNCE) Holding

December 7, 2017 - By Nellie Frank

Morgan Stanley decreased Snyders (LNCE) stake by 14.41% reported in 2017Q2 SEC filing. Morgan Stanley sold 45,822 shares as Snyders (LNCE)’s stock declined 6.49%. The Morgan Stanley holds 272,128 shares with $9.42 million value, down from 317,950 last quarter. Snyders now has $3.72B valuation. The stock increased 0.29% or $0.11 during the last trading session, reaching $38.13. About 279,785 shares traded. Snyder's-Lance, Inc. (NASDAQ:LNCE) has risen 22.79% since December 7, 2016 and is uptrending. It has outperformed by 6.09% the S&P500.

Analysts at Liberum Capital have GBX 804.00 target price on Gleeson M J Group PLC (LON:GLE). Liberum Capital’s target price gives a potential upside of 5.44% from the company’s previous stock close. The rating was disclosed in a report on Thursday morning.

The stock increased 2.45% or GBX 18.53 during the last trading session, reaching GBX 773.53. About 10,276 shares traded. MJ Gleeson plc (LON:GLE) has 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.

MJ Gleeson plc engages in the housebuilding and strategic land trading activities in the United Kingdom. The company has market cap of 420.69 million GBP. The firm operates through two divisions, Gleeson Homes and Gleeson Strategic Land. It has a 16.22 P/E ratio. It focuses on urban housing regeneration activities on brownfield land in the north of England; and strategic land trading, primarily in the south of England.

Among 5 analysts covering Gleeson M J Group PLC (LON:GLE), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Gleeson M J Group PLC has GBX 820 highest and GBX 469 lowest target. GBX 770.25’s average target is -0.42% below currents GBX 773.53 stock price. Gleeson M J Group PLC had 43 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was maintained by Whitman Howard with “Buy” on Tuesday, February 16. The rating was maintained by Liberum Capital on Tuesday, April 4 with “Buy”. Liberum Capital maintained MJ Gleeson plc (LON:GLE) rating on Monday, February 27. Liberum Capital has “Buy” rating and GBX 662 target. The firm earned “Buy” rating on Friday, September 23 by Liberum Capital. On Wednesday, July 5 the stock rating was maintained by Liberum Capital with “Buy”. As per Monday, September 26, the company rating was maintained by Liberum Capital. The firm has “Buy” rating by Liberum Capital given on Friday, February 26. The stock of MJ Gleeson plc (LON:GLE) earned “Buy” rating by Berenberg on Tuesday, July 18. Liberum Capital maintained MJ Gleeson plc (LON:GLE) on Thursday, December 7 with “Buy” rating. The company was maintained on Monday, January 9 by N+1 Singer.

Investors sentiment increased to 1.64 in 2017 Q2. Its up 0.53, from 1.11 in 2017Q1. It increased, as 27 investors sold LNCE shares while 42 reduced holdings. 27 funds opened positions while 86 raised stakes. 63.41 million shares or 3.52% more from 61.25 million shares in 2017Q1 were reported. Dimensional Fund LP invested in 0.05% or 3.32 million shares. Segall Bryant And Hamill Limited Liability Corporation has invested 0.2% in Snyder's-Lance, Inc. (NASDAQ:LNCE). 30,908 were accumulated by Sg Americas Ltd Llc. State Board Of Administration Of Florida Retirement System owns 47,721 shares for 0% of their portfolio. First Interstate National Bank stated it has 282 shares. Guggenheim Ltd Limited Liability Company reported 66,869 shares or 0.01% of all its holdings. Amalgamated Savings Bank owns 12,226 shares for 0.01% of their portfolio. Teton Advsr owns 243,600 shares for 0.83% of their portfolio. Catalyst Capital Ltd Company stated it has 0.06% of its portfolio in Snyder's-Lance, Inc. (NASDAQ:LNCE). Comerica Financial Bank has invested 0.02% in Snyder's-Lance, Inc. (NASDAQ:LNCE). State Of Wisconsin Invest Board holds 0.01% or 83,000 shares. Counselors Of Maryland holds 0.7% in Snyder's-Lance, Inc. (NASDAQ:LNCE) or 388,512 shares. 2,788 were reported by Zurcher Kantonalbank (Zurich Cantonalbank). Deprince Race And Zollo holds 30,530 shares or 0.02% of its portfolio. Wellington Shields Cap Limited Liability Company invested 0.53% in Snyder's-Lance, Inc. (NASDAQ:LNCE).

Analysts await Snyder's-Lance, Inc. (NASDAQ:LNCE) to report earnings on February, 12. They expect $0.40 earnings per share, up 5.26% or $0.02 from last year’s $0.38 per share. LNCE’s profit will be $38.98 million for 23.83 P/E if the $0.40 EPS becomes a reality. After $0.33 actual earnings per share reported by Snyder's-Lance, Inc. for the previous quarter, Wall Street now forecasts 21.21% EPS growth.

Morgan Stanley increased Ticc Capital Corp (NASDAQ:TICC) stake by 100,001 shares to 434,495 valued at $2.75M in 2017Q2. It also upped Oci Partners Lp (NYSE:OCIP) stake by 141,906 shares and now owns 10.52M shares. Indexiq Etf Tr was raised too.

Among 9 analysts covering Snyder’s-Lance Inc (NASDAQ:LNCE), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Snyder’s-Lance Inc had 25 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Buy” on Thursday, September 28. On Tuesday, October 6 the stock rating was maintained by Deutsche Bank with “Hold”. The firm has “Buy” rating given on Wednesday, August 30 by Jefferies. Jefferies maintained it with “Buy” rating and $44.0 target in Tuesday, October 3 report. The firm has “Outperform” rating given on Thursday, June 9 by BMO Capital Markets. The stock of Snyder's-Lance, Inc. (NASDAQ:LNCE) earned “Buy” rating by DA Davidson on Wednesday, April 27. BMO Capital Markets maintained it with “Outperform” rating and $43 target in Wednesday, August 9 report. The firm earned “Buy” rating on Wednesday, December 16 by Jefferies. The rating was downgraded by BB&T Capital to “Hold” on Monday, September 28. As per Thursday, October 29, the company rating was upgraded by BB&T Capital.

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