Intu Properties PLC (INTU) Given Average Recommendation of “Hold” by Brokerages
Intu Properties PLC (LON:INTU) has been assigned a consensus recommendation of “Hold” from the sixteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 282.71 ($3.67).
A number of analysts have recently weighed in on the stock. Credit Suisse Group restated an “underperform” rating on shares of Intu Properties PLC in a report on Friday, July 21st. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 310 ($4.02) target price on shares of Intu Properties PLC in a report on Monday, July 31st. Liberum Capital reduced their target price on shares of Intu Properties PLC from GBX 240 ($3.12) to GBX 230 ($2.99) and set a “sell” rating on the stock in a report on Wednesday, August 2nd. Peel Hunt restated a “hold” rating and issued a GBX 300 ($3.89) target price on shares of Intu Properties PLC in a report on Thursday, July 27th. Finally, Barclays PLC reaffirmed an “underweight” rating and set a GBX 280 ($3.63) price target on shares of Intu Properties PLC in a research note on Tuesday, June 13th.
In other Intu Properties PLC news, insider David Fischel sold 23,957 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of GBX 268 ($3.48), for a total value of £64,204.76 ($83,350.33). Also, insider John Whittaker acquired 340,000 shares of the stock in a transaction on Thursday, June 29th. The stock was bought at an average cost of GBX 269 ($3.49) per share, with a total value of £914,600 ($1,187,329.61). Over the last three months, insiders acquired 1,004,500 shares of company stock valued at $269,187,000.
Intu Properties PLC (INTU) traded down 1.80% during mid-day trading on Friday, reaching GBX 245.70. 1,642,293 shares of the company’s stock traded hands. The firm’s 50-day moving average price is GBX 263.10 and its 200 day moving average price is GBX 272.19. The firm’s market cap is GBX 3.30 billion. Intu Properties PLC has a one year low of GBX 245.30 and a one year high of GBX 319.40.
The business also recently disclosed a dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Thursday, October 19th will be given a GBX 4.60 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, October 19th. This represents a yield of 1.74%.
Intu Properties PLC Company Profile
intu properties plc owns and manages shopping centers in the United Kingdom and in Spain. The Company is primarily a shopping center-focused business and operates through two segments, including United Kingdom and Spain. The Company’s Super-regional centers include intu Trafford Centre, intu Lakeside, intu Metrocentre, intu Braehead, intu Merry Hill and Cribbs Causeway.
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