Intu Properties PLC’s (INTU) Sell Rating Reaffirmed at Deutsche Bank AG
Deutsche Bank AG restated their sell rating on shares of Intu Properties PLC (LON:INTU) in a research note issued to investors on Tuesday. They currently have a GBX 250 ($3.26) price objective on the real estate investment trust’s stock.
Other equities analysts also recently issued research reports about the company. Canaccord Genuity reaffirmed a hold rating and set a GBX 280 ($3.65) price target on shares of Intu Properties PLC in a research report on Thursday, July 28th. Numis Securities Ltd reaffirmed a hold rating and set a GBX 291 ($3.80) price target on shares of Intu Properties PLC in a research report on Thursday, July 28th. HSBC raised Intu Properties PLC to a hold rating and upped their price target for the stock from GBX 262 ($3.42) to GBX 296 ($3.86) in a research report on Friday, September 30th. Goldman Sachs Group Inc. reduced their price target on Intu Properties PLC from GBX 350 ($4.57) to GBX 314 ($4.10) and set a neutral rating for the company in a research report on Wednesday, June 29th. Finally, Citigroup Inc. downgraded Intu Properties PLC to a neutral rating and set a GBX 304 ($3.97) price target for the company. in a research report on Monday, July 18th. Ten research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Intu Properties PLC presently has a consensus rating of Sell and an average target price of GBX 282.12 ($3.68).
Intu Properties PLC (LON:INTU) opened at 291.90 on Tuesday. Intu Properties PLC has a 12 month low of GBX 254.70 and a 12 month high of GBX 355.70. The company’s 50-day moving average is GBX 301.74 and its 200-day moving average is GBX 298.12. The company’s market cap is GBX 3.89 billion.
The business also recently declared 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 firm’s stock in a transaction on Friday, July 29th. The stock was 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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