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On Tuesday, RBC Capital analysts downgraded MJ Gleeson (GLE:LN) stock rating to Underperform from Sector Perform. The change follows an unscheduled trading update by the company, which reduced profit expectations for the fiscal years ending June 30, 2025, and June 30, 2026.
The firm adjusted its price target for MJ Gleeson shares, lowering it to £4.25 from £6.50. According to the analysts, the revised estimates reflect anticipated lower gross margins and reduced volumes for the fiscal years 2026 to 2027.
MJ Gleeson’s trading update, issued earlier today, highlighted the need to adjust profit forecasts due to changing market conditions. This prompted RBC Capital to reassess its outlook on the company’s financial performance.
The downgrade and price target reduction indicate a cautious stance by RBC Capital on MJ Gleeson’s future performance in the stock market. Investors are advised to consider these changes when evaluating their positions in the company.
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