Intu Properties PLC (INTU) Given Sell Rating at Liberum Capital
Liberum Capital reaffirmed their sell rating on shares of Intu Properties PLC (LON:INTU) in a report issued on Thursday. Liberum Capital currently has a GBX 240 ($3.13) price target on the real estate investment trust’s stock.
Several other research firms also recently weighed in on INTU. J P Morgan Chase & Co restated a neutral rating and set a GBX 310 ($4.04) price target on shares of Intu Properties PLC in a research report on Thursday, June 22nd. Barclays PLC restated an underweight rating and set a GBX 280 ($3.65) price target on shares of Intu Properties PLC in a research report on Tuesday, June 13th. BNP Paribas restated an underperform rating and set a GBX 280 ($3.65) price target on shares of Intu Properties PLC in a research report on Monday, April 3rd. Citigroup Inc. restated a neutral rating and set a GBX 300 ($3.91) price target on shares of Intu Properties PLC in a research report on Monday, July 24th. Finally, Jefferies Group LLC restated an underperform rating and set a GBX 229 ($2.98) price target on shares of Intu Properties PLC in a research report on Wednesday, April 26th. Eight investment analysts have rated the stock with a sell rating, six 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 price target of GBX 278 ($3.62).
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The company also recently declared a dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Thursday, October 19th will be issued a dividend of GBX 4.60 ($0.06) per share. The ex-dividend date is Thursday, October 19th. This represents a dividend yield of 1.74%.
In other news, insider David Fischel sold 23,957 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of GBX 268 ($3.49), for a total transaction of £64,204.76 ($83,643.51). Also, insider John Whittaker purchased 340,000 shares of the business’s stock in a transaction dated Thursday, June 29th. The shares were purchased at an average price of GBX 269 ($3.50) per share, with a total value of £914,600 ($1,191,505.99). Insiders have bought a total of 1,002,500 shares of company stock valued at $268,675,000 in the last 90 days.
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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