Insider Buying: Intu Properties PLC (INTU) Insider Purchases £64,326,417.64 in Stock
Intu Properties PLC (LON:INTU) insider John Whittaker purchased 22,258,276 shares of the business’s stock in a transaction on Wednesday, October 12th. The shares were purchased at an average price of GBX 289 ($3.58) per share, with a total value of £64,326,417.64 ($79,611,903.02).
Shares of Intu Properties PLC (LON:INTU) opened at 287.60 on Thursday. Intu Properties PLC has a 1-year low of GBX 254.70 and a 1-year high of GBX 355.70. The stock’s market cap is GBX 3.83 billion. The firm has a 50-day moving average price of GBX 297.98 and a 200-day moving average price of GBX 297.05.
The firm also recently disclosed a dividend, which will be paid on Tuesday, November 22nd. Shareholders of record on Thursday, October 20th will be issued a GBX 4.60 ($0.06) dividend. This represents a yield of 1.55%. The ex-dividend date of this dividend is Thursday, October 20th.
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A number of research analysts recently issued reports on INTU shares. Deutsche Bank AG reiterated a “buy” rating and set a GBX 250 ($3.09) price objective on shares of Intu Properties PLC in a research note on Monday, September 19th. BNP Paribas reiterated an “underperform” rating and set a GBX 210 ($2.60) price objective on shares of Intu Properties PLC in a research note on Sunday, July 10th. Liberum Capital downgraded Intu Properties PLC to a “sell” rating and dropped their price target for the stock from GBX 300 ($3.71) to GBX 240 ($2.97) in a research note on Monday, July 4th. JPMorgan Chase & Co. upped their price target on Intu Properties PLC from GBX 350 ($4.33) to GBX 360 ($4.46) and gave the stock a “neutral” rating in a research note on Tuesday, September 6th. Finally, Jefferies Group restated an “underperform” rating and issued a GBX 229 ($2.83) price target on shares of Intu Properties PLC in a research note on Friday, August 19th. Ten research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Intu Properties PLC currently has an average rating of “Sell” and an average price target of GBX 282.12 ($3.49).
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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