Intu Properties plc common stock (INTU) Earns “Neutral” Rating from UBS Group
UBS Group reaffirmed their neutral rating on shares of Intu Properties plc common stock (LON:INTU) in a report released on Wednesday, investing.thisismoney.co.uk reports. They currently have a GBX 160 ($2.06) price target on the real estate investment trust’s stock, down from their prior price target of GBX 200 ($2.58).
Several other equities research analysts have also recently weighed in on the company. Barclays reduced their price objective on Intu Properties plc common stock from GBX 180 ($2.32) to GBX 160 ($2.06) and set an underweight rating on the stock in a research note on Monday, August 6th. Peel Hunt reissued a reduce rating and set a GBX 165 ($2.13) price objective (down from GBX 180 ($2.32)) on shares of Intu Properties plc common stock in a research note on Thursday, July 26th. Liberum Capital cut Intu Properties plc common stock to a sell rating and reduced their price objective for the stock from GBX 200 ($2.58) to GBX 145 ($1.87) in a research note on Thursday, July 26th. Berenberg Bank started coverage on Intu Properties plc common stock in a research note on Wednesday, August 29th. They set a buy rating and a GBX 230 ($2.97) price objective on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on Intu Properties plc common stock from GBX 275 ($3.55) to GBX 220 ($2.84) and set a neutral rating on the stock in a research note on Friday, May 11th. Seven research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of GBX 189.29 ($2.44).
Shares of LON INTU opened at GBX 150 ($1.93) on Wednesday. Intu Properties plc common stock has a 1-year low of GBX 188.90 ($2.44) and a 1-year high of GBX 291.60 ($3.76).
The firm also recently announced a dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Thursday, October 18th will be paid a dividend of GBX 4.60 ($0.06) per share. The ex-dividend date of this dividend is Thursday, October 18th. This represents a dividend yield of 2.74%.
Intu Properties plc common stock Company Profile
Intu owns and manages some of the best shopping centres, in some of the strongest locations, in the UK and Spain. Our UK portfolio is made up of 17 centres, including 10 of the top-25, and in Spain we own three of the country's top-10 centres, with advanced plans to build a fourth. We are passionate about creating compelling experiences, in centre and online, that make our customers smile and help our retailers flourish.
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