Intu Properties PLC (INTU) Rating Increased to Hold at HSBC
Intu Properties PLC (LON:INTU) was upgraded by HSBC to a “hold” rating in a research note issued to investors on Friday. The brokerage presently has a GBX 296 ($3.86) price target on the real estate investment trust’s stock, up from their previous price target of GBX 262 ($3.42). HSBC’s price target indicates a potential upside of 0.99% from the company’s previous close.
INTU has been the topic of several other reports. Deutsche Bank AG cut Intu Properties PLC to a “sell” rating and decreased their price objective for the stock from GBX 330 ($4.31) to GBX 250 ($3.26) in a report on Tuesday, September 13th. Canaccord Genuity upped their price objective on 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. Morgan Stanley upped their price objective on 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. Jefferies Group reaffirmed an “underperform” rating and set a GBX 229 ($2.99) price objective on shares of Intu Properties PLC in a report on Friday, August 19th. Finally, BNP Paribas reaffirmed an “underperform” rating and set a GBX 260 ($3.39) price objective on shares of Intu Properties PLC in a report on Monday, June 27th. Nine investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 280.35 ($3.66).
Shares of Intu Properties PLC (LON:INTU) opened at 290.30 on Friday. The company’s market cap is GBX 3.87 billion. Intu Properties PLC has a 12-month low of GBX 254.70 and a 12-month high of GBX 355.70. The company has a 50-day moving average of GBX 302.66 and a 200 day moving average of GBX 298.51.
The company also recently declared a dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Thursday, October 20th will be given a dividend of GBX 4.60 ($0.06) per share. This represents a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, October 20th.
In other news, insider Fischel,David sold 37,175 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of GBX 297 ($3.88), for a total transaction of £110,409.75 ($144,119.24).
Intu Properties PLC Company Profile
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.
Receive News & Stock Ratings for Intu Properties PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intu Properties PLC and related stocks with our FREE daily email newsletter.