Intu Properties PLC (INTU) Given Underperform Rating at BNP Paribas
BNP Paribas reiterated their underperform rating on shares of Intu Properties PLC (LON:INTU) in a research note released on Monday. BNP Paribas currently has a GBX 270 ($3.52) price target on the real estate investment trust’s stock.
A number of other research analysts have also recently weighed in on INTU. Credit Suisse Group AG cut their price objective on shares of Intu Properties PLC from GBX 300 ($3.92) to GBX 285 ($3.72) and set an underperform rating on the stock in a research report on Friday, June 17th. Peel Hunt reiterated a reduce rating and set a GBX 275 ($3.59) price objective on shares of Intu Properties PLC in a research report on Friday, June 17th. Jefferies Group cut their price objective on shares of Intu Properties PLC from GBX 240 ($3.13) to GBX 229 ($2.99) and set an underperform rating on the stock in a research report on Monday, June 20th. Deutsche Bank AG cut their price objective on shares of Intu Properties PLC from GBX 380 ($4.96) to GBX 330 ($4.31) and set a hold rating on the stock in a research report on Friday, June 24th. Finally, Goldman Sachs Group Inc. cut their price objective on shares of Intu Properties PLC from GBX 350 ($4.57) to GBX 314 ($4.10) and set a neutral rating on the stock in a research report on Wednesday, June 29th. Ten equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The stock currently has a consensus rating of Sell and a consensus target price of GBX 282.12 ($3.68).
Shares of Intu Properties PLC (LON:INTU) traded up 2.19% on Monday, reaching GBX 302.70. 1,975,532 shares of the company were exchanged. The company’s 50-day moving average is GBX 302.11 and its 200-day moving average is GBX 298.34. Intu Properties PLC has a 52 week low of GBX 254.70 and a 52 week high of GBX 355.70. The company’s market capitalization is GBX 4.03 billion.
The business also recently disclosed a dividend, which will be paid on Tuesday, November 22nd. Investors of record on Thursday, October 20th will be given a GBX 4.60 ($0.06) dividend. This represents a dividend yield of 1.55%. The ex-dividend date is Thursday, October 20th.
In related news, insider Fischel,David sold 37,175 shares of the 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 value of £110,409.75 ($144,119.24).
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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