Deutsche Bank AG Reaffirms Buy Rating for Intu Properties PLC (INTU)
Deutsche Bank AG restated their buy rating on shares of Intu Properties PLC (LON:INTU) in a research report released on Monday morning. Deutsche Bank AG currently has a GBX 250 ($3.26) price objective on the real estate investment trust’s stock.
A number of other research firms have also commented on INTU. Peel Hunt dropped their price target on shares of Intu Properties PLC from GBX 275 ($3.59) to GBX 250 ($3.26) and set a reduce rating on the stock in a research report on Thursday, July 28th. Credit Suisse Group AG dropped their price target on shares of Intu Properties PLC from GBX 285 ($3.72) to GBX 230 ($3.00) and set an underperform rating on the stock in a research report on Tuesday, June 28th. Canaccord Genuity lifted their price target on shares of Intu Properties PLC from GBX 280 ($3.65) to GBX 290 ($3.79) and gave the company a hold rating in a research report on Friday, August 26th. Barclays PLC dropped their price target on shares of Intu Properties PLC from GBX 320 ($4.18) to GBX 260 ($3.39) and set an underweight rating on the stock in a research report on Thursday, July 7th. Finally, Goldman Sachs Group Inc. reissued a neutral rating and issued a GBX 314 ($4.10) price target on shares of Intu Properties PLC in a research report on Wednesday, July 20th. Nine research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of GBX 282.94 ($3.69).
Shares of Intu Properties PLC (LON:INTU) opened at 293.30 on Monday. Intu Properties PLC has a 12-month low of GBX 254.70 and a 12-month high of GBX 355.70. The company has a 50 day moving average of GBX 304.65 and a 200-day moving average of GBX 298.81. The firm’s market cap is GBX 3.91 billion.
The firm also recently disclosed a dividend, which will be paid on Tuesday, November 22nd. Investors 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 dividend yield of 1.55%.
In related news, insider Fischel,David sold 37,175 shares of the business’s 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 value of £110,409.75 ($144,119.24). Also, insider Whittaker ,John acquired 3,750 shares of the firm’s stock in a transaction that occurred on Tuesday, June 28th. The stock was acquired at an average price of £63,852.24 ($83,347.13) per share, with a total value of £239,445,900 ($312,551,755.65).
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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