HSBC upgraded shares of Intu Properties PLC (LON:INTU) to a hold rating in a report published on Friday. HSBC currently has GBX 296 ($3.86) target price on the real estate investment trust’s stock, up from their prior target price of GBX 262 ($3.42).
A number of other research firms also recently commented on INTU. Citigroup Inc. downgraded Intu Properties PLC to a neutral rating and set a GBX 304 ($3.97) price objective on the stock. in a research note on Monday, July 18th. BNP Paribas reissued an underperform rating and issued a GBX 240 ($3.13) price objective on shares of Intu Properties PLC in a research note on Monday, August 8th. Numis Securities Ltd reissued a hold rating and issued a GBX 291 ($3.80) price objective on shares of Intu Properties PLC in a research note on Thursday, July 28th. Jefferies Group reissued an underperform rating and issued a GBX 229 ($2.99) price objective on shares of Intu Properties PLC in a research note on Friday, August 19th. Finally, Deutsche Bank AG downgraded Intu Properties PLC to a sell rating and dropped their price objective for the stock from GBX 330 ($4.31) to GBX 250 ($3.26) in a research note on Tuesday, September 13th. Nine equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of GBX 282.12 ($3.68).
Shares of Intu Properties PLC (LON:INTU) traded down 0.57% during mid-day trading on Friday, reaching GBX 294.70. The company’s stock had a trading volume of 1,318,056 shares. The firm’s 50 day moving average is GBX 302.66 and its 200-day moving average is GBX 298.61. The company’s market capitalization is GBX 3.93 billion. Intu Properties PLC has a 52-week low of GBX 254.70 and a 52-week high of GBX 355.70.
The business also recently declared a dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Thursday, October 20th will be paid a dividend of GBX 4.60 ($0.06) per share. The ex-dividend date of this dividend is Thursday, October 20th. This represents a dividend yield of 1.55%.
In other news, insider Fischel,David sold 37,175 shares of the company’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of GBX 297 ($3.88), for a total transaction of £110,409.75 ($144,119.24).
Intu Properties PLC Company Profile
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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