Intu Properties PLC (LON:INTU) PT Lowered to GBX 230
Intu Properties PLC (LON:INTU) had its price objective lowered by Liberum Capital from GBX 240 ($3.12) to GBX 230 ($2.99) in a report issued on Wednesday, August 2nd, StockTargetPrices.com reports. Liberum Capital currently has a sell rating on the real estate investment trust’s stock.
Several other brokerages also recently commented on INTU. Credit Suisse Group reiterated an underperform rating and set a GBX 230 ($2.99) target price on shares of Intu Properties PLC in a research note on Wednesday, April 19th. Numis Securities Ltd reiterated a reduce rating and set a GBX 247 ($3.21) target price on shares of Intu Properties PLC in a research note on Wednesday, May 3rd. Citigroup Inc. reiterated a neutral rating and set a GBX 300 ($3.89) target price on shares of Intu Properties PLC in a research note on Monday, July 24th. Peel Hunt reiterated a hold rating and set a GBX 300 ($3.89) target price on shares of Intu Properties PLC in a research note on Thursday, July 27th. Finally, Jefferies Group LLC reiterated an underperform rating and set a GBX 229 ($2.97) target price on shares of Intu Properties PLC in a research note on Wednesday, April 26th. Eight investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 277.38 ($3.60).
Shares of Intu Properties PLC (LON INTU) traded down 1.80% during midday trading on Wednesday, reaching GBX 245.70. 1,642,293 shares of the company were exchanged. The firm’s 50 day moving average is GBX 263.10 and its 200-day moving average is GBX 272.09. The company’s market capitalization is GBX 3.30 billion. Intu Properties PLC has a 52-week low of GBX 245.30 and a 52-week high of GBX 319.40.
The business also recently disclosed a dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Thursday, October 19th will be issued a GBX 4.60 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, October 19th. This represents a yield of 1.74%.
In other news, 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 ($3.48), for a total transaction of £64,204.76 ($83,350.33). Also, insider John Whittaker acquired 332,500 shares of Intu Properties PLC stock in a transaction that occurred on Thursday, June 8th. The shares were purchased at an average price of GBX 266 ($3.45) per share, for a total transaction of £884,450 ($1,148,189.02). Insiders acquired a total of 1,004,500 shares of company stock valued at $269,187,000 over the last ninety days.
Intu Properties PLC Company Profile
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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