Intu Properties PLC (INTU) Earns “Buy” Rating from Goldman Sachs Group, Inc. (The)
Goldman Sachs Group, Inc. (The) restated their buy rating on shares of Intu Properties PLC (LON:INTU) in a research note published on Wednesday morning. The brokerage currently has a GBX 302 ($4.06) target price on the real estate investment trust’s stock.
Several other equities analysts have also issued reports on the stock. J P Morgan Chase & Co lowered their target price on shares of Intu Properties PLC from GBX 310 ($4.17) to GBX 275 ($3.70) and set a neutral rating for the company in a report on Thursday, September 14th. Credit Suisse Group reiterated an underperform rating and set a GBX 235 ($3.16) target price on shares of Intu Properties PLC in a report on Wednesday, September 13th. Deutsche Bank AG reiterated a sell rating and set a GBX 230 ($3.09) target price on shares of Intu Properties PLC in a report on Monday, September 11th. Liberum Capital reiterated a sell rating and set a GBX 230 ($3.09) target price on shares of Intu Properties PLC in a report on Wednesday, August 30th. Finally, Jefferies Group LLC reiterated an underperform rating and set a GBX 229 ($3.08) target price on shares of Intu Properties PLC in a report on Friday, July 28th. Eight analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Intu Properties PLC presently has a consensus rating of Hold and an average price target of GBX 273.69 ($3.68).
Shares of Intu Properties PLC (LON INTU) opened at 230.50 on Wednesday. The stock has a 50 day moving average price of GBX 246.76 and a 200 day moving average price of GBX 267.03. The stock’s market capitalization is GBX 3.10 billion. Intu Properties PLC has a 52 week low of GBX 228.60 and a 52 week high of GBX 302.70.
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The business also recently announced a dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Thursday, October 19th will be paid a dividend of GBX 4.60 ($0.06) per share. The ex-dividend date is Thursday, October 19th. This represents a yield of 1.74%.
In related news, insider John Whittaker bought 2,000 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was acquired at an average cost of GBX 256 ($3.44) per share, for a total transaction of £5,120 ($6,885.42).
About Intu Properties PLC
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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