Intu Properties PLC (INTU) Receives “Sell” Rating from Deutsche Bank AG
Intu Properties PLC (LON:INTU)‘s stock had its “sell” rating reaffirmed by analysts at Deutsche Bank AG in a report released on Tuesday. They presently have a GBX 250 ($3.26) price target on the real estate investment trust’s stock. Deutsche Bank AG’s target price would indicate a potential downside of 11.35% from the stock’s current price.
A number of other research analysts have also weighed in on INTU. Credit Suisse Group AG dropped their price objective on shares of Intu Properties PLC from GBX 300 ($3.92) to GBX 285 ($3.72) and set an “underperform” rating on the stock in a research note on Friday, June 17th. Peel Hunt reissued a “reduce” rating and set a GBX 275 ($3.59) price target on shares of Intu Properties PLC in a research report on Friday, June 17th. Jefferies Group dropped their price target on shares of Intu Properties PLC from GBX 240 ($3.13) to GBX 229 ($2.99) and set an “underperform” rating on the stock in a research report on Monday, June 20th. BNP Paribas reissued an “underperform” rating and set a GBX 320 ($4.18) price target on shares of Intu Properties PLC in a research report on Monday, June 20th. Finally, Goldman Sachs Group Inc. dropped their price target on shares of Intu Properties PLC from GBX 350 ($4.57) to GBX 314 ($4.10) and set a “neutral” rating on the stock in a research report on Wednesday, June 29th. Ten equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company has an average rating of “Sell” and a consensus target price of GBX 282.12 ($3.68).
Intu Properties PLC (LON:INTU) traded down 0.6692% during mid-day trading on Tuesday, reaching GBX 282.3288. 4,127,631 shares of the company’s stock were exchanged. Intu Properties PLC has a 52-week low of GBX 254.70 and a 52-week high of GBX 355.70. The company has a 50-day moving average of GBX 300.11 and a 200-day moving average of GBX 297.84. The stock’s market cap is GBX 3796.68 billion.
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The company also recently announced a dividend, which will be paid on Tuesday, November 22nd. Investors of record on Thursday, October 20th will be issued a dividend of GBX 4.60 ($0.06) per share. This represents a yield of 1.55%. The ex-dividend date of this dividend is Thursday, October 20th.
In related news, insider Fischel,David sold 37,175 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The shares were 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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