Intu Properties PLC (INTU) Stock Rating Reaffirmed by Deutsche Bank AG
Intu Properties PLC (LON:INTU)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank AG in a research report issued to clients and investors on Monday. They presently have a GBX 250 ($3.26) target price on the real estate investment trust’s stock. Deutsche Bank AG’s target price points to a potential downside of 14.15% from the company’s current price.
Several other brokerages have also commented on INTU. Canaccord Genuity boosted their price target on shares of Intu Properties PLC from GBX 280 ($3.65) to GBX 290 ($3.79) and gave the stock a “hold” rating in a report on Friday, August 26th. BNP Paribas reissued an “underperform” rating and issued a GBX 240 ($3.13) price target on shares of Intu Properties PLC in a report on Thursday, September 1st. Morgan Stanley boosted their price target on shares of Intu Properties PLC from GBX 250 ($3.26) to GBX 280 ($3.65) and gave the stock an “underweight” rating in a report on Wednesday, August 31st. Numis Securities Ltd lowered shares of Intu Properties PLC to a “reduce” rating and cut their price target for the stock from GBX 291 ($3.80) to GBX 261 ($3.41) in a report on Tuesday, August 16th. Finally, Jefferies Group reissued an “underperform” rating and issued a GBX 229 ($2.99) price target on shares of Intu Properties PLC in a report on Friday, August 19th. Nine analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Intu Properties PLC currently has a consensus rating of “Hold” and a consensus price target of GBX 282.94 ($3.69).
Intu Properties PLC (LON:INTU) opened at 292.00 on Monday. The stock’s market cap is GBX 3.89 billion. The company has a 50-day moving average of GBX 305.27 and a 200 day moving average of GBX 299.01. Intu Properties PLC has a 1-year low of GBX 254.70 and a 1-year high of GBX 355.70.
The company also recently announced a dividend, which will be paid on Tuesday, November 22nd. Investors of record on Thursday, October 20th will be paid a dividend of GBX 4.60 ($0.06) per share. The ex-dividend date is Thursday, October 20th. This represents a dividend yield of 1.55%.
In related news, insider Fischel,David sold 37,175 shares of the company’s stock in a transaction that occurred on 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). Also, insider Parekh,Rakhi bought 7,383 shares of the business’s stock in a transaction that occurred on Friday, June 24th. The shares were purchased at an average price of GBX 278 ($3.63) per share, for a total transaction of £20,524.74 ($26,791.20).
About Intu Properties PLC
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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