Intu Properties PLC (INTU) Receives Buy Rating from Deutsche Bank AG
Intu Properties PLC (LON:INTU)‘s stock had its “buy” rating restated by analysts at Deutsche Bank AG in a research report issued on Monday. They currently have a GBX 250 ($3.26) price objective on the real estate investment trust’s stock. Deutsche Bank AG’s target price points to a potential downside of 13.10% from the stock’s current price.
Several other research analysts have also recently commented on the stock. BNP Paribas restated an “underperform” rating and issued a GBX 210 ($2.74) target price on shares of Intu Properties PLC in a research report on Sunday, July 10th. Liberum Capital cut shares of Intu Properties PLC to a “sell” rating and decreased their target price for the stock from GBX 300 ($3.92) to GBX 240 ($3.13) in a research report on Monday, July 4th. JPMorgan Chase & Co. upped their target price on shares of Intu Properties PLC from GBX 350 ($4.57) to GBX 360 ($4.70) and gave the stock a “neutral” rating in a research report on Tuesday, September 6th. Jefferies Group restated an “underperform” rating and issued a GBX 229 ($2.99) target price on shares of Intu Properties PLC in a research report on Friday, August 19th. Finally, Societe Generale restated a “sell” rating and issued a GBX 270 ($3.52) target price on shares of Intu Properties PLC in a research report on Tuesday, July 5th. Ten research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Intu Properties PLC currently has an average rating of “Sell” and an average target price of GBX 282.94 ($3.69).
Shares of Intu Properties PLC (LON:INTU) traded up 1.22% during trading on Monday, hitting GBX 291.20. The company’s stock had a trading volume of 2,390,867 shares. The firm’s 50 day moving average price is GBX 305.41 and its 200-day moving average price is GBX 298.96. Intu Properties PLC has a 52 week low of GBX 254.70 and a 52 week high of GBX 355.70. The company’s market cap is GBX 3.88 billion.
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The business also recently announced a dividend, which will be paid on Tuesday, November 22nd. Shareholders of record on Thursday, October 20th will be given a GBX 4.60 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, October 20th. This represents a yield of 1.55%.
In related news, insider Whittaker ,John bought 3,750 shares of the business’s stock in a transaction on Tuesday, June 28th. The stock was bought at an average price of £63,852.24 ($83,347.13) per share, for a total transaction of £239,445,900 ($312,551,755.65). Also, insider Fischel,David sold 37,175 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of GBX 297 ($3.88), for a total transaction of £110,409.75 ($144,119.24).
Intu Properties PLC Company Profile
intu properties plc owns and manages shopping centers in the United Kingdom and in Spain. The Company’s Super-regional centers include intu Trafford Centre, intu Lakeside, intu Metrocentre, intu Braehead, intu Merry Hill and Cribbs Causeway, Bristol. The Company operates through two segments: UK and Spain.
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