Intu Properties PLC (INTU) Upgraded at Deutsche Bank AG
Deutsche Bank AG upgraded shares of Intu Properties PLC (LON:INTU) to a hold rating in a research report sent to investors on Wednesday morning. The firm currently has GBX 220 ($2.92) price target on the real estate investment trust’s stock, down from their prior price target of GBX 230 ($3.05).
Other research analysts also recently issued reports about the company. Goldman Sachs Group, Inc. (The) raised Intu Properties PLC to a buy rating and set a GBX 311 ($4.13) price target on the stock in a research report on Thursday, June 15th. Peel Hunt reaffirmed a hold rating and issued a GBX 300 ($3.98) price target on shares of Intu Properties PLC in a research report on Thursday, July 27th. Citigroup Inc. reaffirmed a neutral rating and issued a GBX 300 ($3.98) price target on shares of Intu Properties PLC in a research report on Monday, July 24th. J P Morgan Chase & Co reaffirmed a neutral rating and issued a GBX 310 ($4.11) price target on shares of Intu Properties PLC in a research report on Thursday, June 22nd. Finally, Numis Securities Ltd reaffirmed a reduce rating and issued a GBX 240 ($3.18) price target on shares of Intu Properties PLC in a research report on Thursday, July 27th. Seven research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Intu Properties PLC presently has an average rating of Hold and a consensus price target of GBX 273.06 ($3.62).
Intu Properties PLC (LON INTU) opened at 232.10 on Wednesday. The stock’s market capitalization is GBX 3.12 billion. Intu Properties PLC has a 1-year low of GBX 225.30 and a 1-year high of GBX 298.30. The stock’s 50 day moving average price is GBX 239.02 and its 200 day moving average price is GBX 262.63.
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The business also recently declared a dividend, which will be paid on Tuesday, November 21st. Investors of record on Thursday, October 19th will be paid a GBX 4.60 ($0.06) dividend. This represents a yield of 1.74%. The ex-dividend date is Thursday, October 19th.
In related news, insider John Whittaker purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average price of GBX 256 ($3.40) per share, with a total value of £5,120 ($6,791.35).
About Intu Properties PLC
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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