Intu Properties PLC (INTU) Receives “Underperform” Rating from Credit Suisse Group
Credit Suisse Group reiterated their underperform rating on shares of Intu Properties PLC (LON:INTU) in a research report report published on Wednesday morning. The brokerage currently has a GBX 235 ($3.03) price objective on the real estate investment trust’s stock.
Other equities analysts also recently issued reports about the company. Liberum Capital reissued a sell rating and set a GBX 240 ($3.10) price objective on shares of Intu Properties PLC in a research report on Thursday, July 27th. Deutsche Bank AG reaffirmed a sell rating and issued a GBX 230 ($2.97) price target on shares of Intu Properties PLC in a report on Monday, September 11th. J P Morgan Chase & Co reaffirmed a neutral rating and issued a GBX 310 ($4.00) price target on shares of Intu Properties PLC in a report on Monday, July 31st. Peel Hunt reaffirmed a hold rating and issued a GBX 300 ($3.87) price target on shares of Intu Properties PLC in a report on Thursday, July 27th. Finally, Numis Securities Ltd reaffirmed a reduce rating and issued a GBX 240 ($3.10) price target on shares of Intu Properties PLC in a report on Thursday, July 27th. Eight analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Intu Properties PLC has a consensus rating of Hold and an average target price of GBX 274.25 ($3.54).
Shares of Intu Properties PLC (LON INTU) opened at 235.90 on Wednesday. The stock’s market cap is GBX 3.17 billion. The stock has a 50 day moving average of GBX 248.32 and a 200 day moving average of GBX 268.05. Intu Properties PLC has a 52 week low of GBX 234.30 and a 52 week high of GBX 302.70.
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The business also recently disclosed a dividend, which will be paid on Tuesday, November 21st. Investors of record on Thursday, October 19th will be paid a dividend of GBX 4.60 ($0.06) per share. This represents a dividend yield of 1.74%. The ex-dividend date is Thursday, October 19th.
In related news, insider John Whittaker acquired 340,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The shares were acquired at an average price of GBX 269 ($3.47) per share, with a total value of £914,600 ($1,181,195.92). In the last ninety days, insiders have purchased 672,000 shares of company stock worth $180,742,000.
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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