Insider Selling: Intu Properties PLC (INTU) Insider Sells £43,431.93 in Stock
Intu Properties PLC (LON:INTU) insider David Fischel sold 15,567 shares of the firm’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of GBX 279 ($3.45), for a total transaction of £43,431.93 ($53,639.53).
Shares of Intu Properties PLC (LON:INTU) opened at 280.20 on Tuesday. The firm’s 50-day moving average is GBX 277.24 and its 200 day moving average is GBX 279.33. The firm’s market capitalization is GBX 3.76 billion. Intu Properties PLC has a 52 week low of GBX 254.70 and a 52 week high of GBX 323.90.
The company also recently announced a dividend, which will be paid on Thursday, May 25th. Investors of record on Thursday, April 20th will be issued a GBX 9.40 ($0.12) dividend. This is a boost from Intu Properties PLC’s previous dividend of $4.60. The ex-dividend date is Thursday, April 20th. This represents a yield of 3.23%.
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INTU has been the topic of a number of research reports. Canaccord Genuity cut their target price on shares of Intu Properties PLC from GBX 290 ($3.58) to GBX 275 ($3.40) and set a “hold” rating on the stock in a research report on Friday, February 17th. Barclays PLC reissued an “underweight” rating and set a GBX 270 ($3.33) target price on shares of Intu Properties PLC in a research report on Friday, January 13th. BNP Paribas reissued an “underperform” rating and set a GBX 280 ($3.46) target price on shares of Intu Properties PLC in a research report on Tuesday, January 3rd. Jefferies Group LLC reissued an “underperform” rating and set a GBX 229 ($2.83) target price on shares of Intu Properties PLC in a research report on Thursday, January 19th. Finally, Numis Securities Ltd cut their price objective on shares of Intu Properties PLC from GBX 261 ($3.22) to GBX 238 ($2.94) and set a “reduce” rating on the stock in a research report on Friday, January 13th. Ten investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company currently has a consensus rating of “Sell” and an average price target of GBX 268.80 ($3.32).
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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