Numis Securities Ltd Reaffirms Reduce Rating for Intu Properties PLC (LON:INTU)
Numis Securities Ltd restated their reduce rating on shares of Intu Properties PLC (LON:INTU) in a research note released on Thursday morning. The brokerage currently has a GBX 240 ($3.13) target price on the real estate investment trust’s stock.
A number of other brokerages have also recently commented on INTU. Credit Suisse Group reissued an underperform rating and issued a GBX 230 ($3.00) price objective on shares of Intu Properties PLC in a research note on Wednesday, April 19th. BNP Paribas reissued an underperform rating and issued a GBX 280 ($3.65) price objective on shares of Intu Properties PLC in a research note on Monday, April 3rd. Liberum Capital reissued a sell rating and issued a GBX 240 ($3.13) price objective on shares of Intu Properties PLC in a research note on Wednesday, May 3rd. Citigroup Inc. reissued a neutral rating and issued a GBX 300 ($3.91) price objective on shares of Intu Properties PLC in a research note on Monday, July 24th. Finally, Peel Hunt reissued a hold rating and issued a GBX 300 ($3.91) price objective on shares of Intu Properties PLC in a research note on Thursday. Eight research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Intu Properties PLC presently has a consensus rating of Hold and a consensus price target of GBX 278 ($3.62).
The business also recently announced a dividend, which will be paid on Tuesday, November 21st. Investors of record on Thursday, October 19th will be given 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 Intu Properties PLC news, insider John Whittaker acquired 332,500 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were acquired at an average price of GBX 266 ($3.47) per share, with a total value of £884,450 ($1,152,227.72). Also, insider David Fischel sold 23,957 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of GBX 268 ($3.49), for a total value of £64,204.76 ($83,643.51). In the last ninety days, insiders have purchased 1,002,500 shares of company stock worth $268,675,000.
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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