HSBC Upgrades Intu Properties PLC (INTU) to “Hold”
HSBC upgraded shares of Intu Properties PLC (LON:INTU) to a hold rating in a research report report published on Friday. The brokerage currently has GBX 296 ($3.86) price objective on the real estate investment trust’s stock, up from their prior price objective of GBX 262 ($3.42).
A number of other equities research analysts have also recently issued reports on INTU. Canaccord Genuity reaffirmed a hold rating and issued a GBX 280 ($3.65) price objective on shares of Intu Properties PLC in a research note on Thursday, July 28th. Deutsche Bank AG cut their price objective on shares of Intu Properties PLC from GBX 380 ($4.96) to GBX 330 ($4.31) and set a hold rating for the company in a research note on Friday, June 24th. Jefferies Group cut their price objective on shares of Intu Properties PLC from GBX 240 ($3.13) to GBX 229 ($2.99) and set an underperform rating for the company in a research note on Monday, June 20th. Peel Hunt cut their price objective on shares of Intu Properties PLC from GBX 275 ($3.59) to GBX 250 ($3.26) and set a reduce rating for the company in a research note on Thursday, July 28th. Finally, Goldman Sachs Group Inc. reaffirmed a neutral rating and issued a GBX 325 ($4.24) price objective on shares of Intu Properties PLC in a research note on Wednesday, August 3rd. Ten research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The stock has a consensus rating of Sell and a consensus target price of GBX 282.12 ($3.68).
Intu Properties PLC (LON:INTU) opened at 290.00 on Friday. 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 capitalization is GBX 3.86 billion. The company’s 50-day moving average is GBX 301.50 and its 200 day moving average is GBX 298.04.
The company also recently disclosed a dividend, which will be paid on Tuesday, November 22nd. Shareholders of record on Thursday, October 20th will be paid a dividend of GBX 4.60 ($0.06) per share. The ex-dividend date of this dividend is Thursday, October 20th. This represents a yield of 1.55%.
In other Intu Properties PLC news, insider Fischel,David sold 37,175 shares of the firm’s stock in a transaction dated 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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