Intu Properties PLC (LON:INTU)‘s stock had its “sell” rating reissued by research analysts at Deutsche Bank AG in a research note issued to investors on Tuesday. They presently have a GBX 250 ($3.26) price objective on the real estate investment trust’s stock. Deutsche Bank AG’s price target would indicate a potential downside of 13.79% from the stock’s previous close.
Other research analysts have also issued research reports about the company. Canaccord Genuity restated a “hold” rating and issued a GBX 280 ($3.65) price objective on shares of Intu Properties PLC in a report on Thursday, July 28th. Numis Securities Ltd restated a “hold” rating and issued a GBX 291 ($3.80) price objective on shares of Intu Properties PLC in a report on Thursday, July 28th. HSBC upgraded Intu Properties PLC to a “hold” rating and raised their price objective for the company from GBX 262 ($3.42) to GBX 296 ($3.86) in a report on Friday, September 30th. Goldman Sachs Group Inc. decreased their price objective on Intu Properties PLC from GBX 350 ($4.57) to GBX 314 ($4.10) and set a “neutral” rating on the stock in a report on Wednesday, June 29th. Finally, Citigroup Inc. downgraded Intu Properties PLC to a “neutral” rating and set a GBX 304 ($3.97) target price for the company. in a research note on Monday, July 18th. Ten equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The company presently has an average rating of “Sell” and an average price target of GBX 282.12 ($3.68).
Shares of Intu Properties PLC (LON:INTU) opened at 290.00 on Tuesday. The company has a 50-day moving average of GBX 301.50 and a 200-day moving average of GBX 298.04. Intu Properties PLC has a 1-year low of GBX 254.70 and a 1-year high of GBX 355.70. The stock’s market capitalization is GBX 3.86 billion.
The business also recently disclosed a dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Thursday, October 20th will be paid a GBX 4.60 ($0.06) dividend. This represents a dividend yield of 1.55%. The ex-dividend date is Thursday, October 20th.
In other news, insider Fischel,David sold 37,175 shares of Intu Properties PLC stock in a transaction dated 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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