HSBC upgraded shares of Intu Properties PLC (LON:INTU) to a hold rating in a research note issued to investors on Friday. They currently have GBX 296 ($3.86) target price on the real estate investment trust’s stock, up from their previous target price of GBX 262 ($3.42).
Several other equities research analysts have also weighed in on INTU. Credit Suisse Group AG dropped their target price on Intu Properties PLC from GBX 300 ($3.92) to GBX 285 ($3.72) and set an underperform rating on the stock in a research report on Friday, June 17th. Peel Hunt reaffirmed a reduce rating and issued a GBX 275 ($3.59) target price on shares of Intu Properties PLC in a research report on Friday, June 17th. Jefferies Group dropped their target price on Intu Properties PLC from GBX 240 ($3.13) to GBX 229 ($2.99) and set an underperform rating on the stock in a research report on Monday, June 20th. BNP Paribas reaffirmed an underperform rating and issued a GBX 320 ($4.18) target price on shares of Intu Properties PLC in a research report on Monday, June 20th. Finally, Deutsche Bank AG dropped their target price on Intu Properties PLC from GBX 380 ($4.96) to GBX 330 ($4.31) and set a hold rating on the stock in a research report on Friday, June 24th. Ten research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The stock currently has a consensus rating of Sell and a consensus price target of GBX 282.12 ($3.68).
Intu Properties PLC (LON:INTU) opened at 294.20 on Friday. Intu Properties PLC has a 52 week low of GBX 254.70 and a 52 week high of GBX 355.70. The company has a 50-day moving average of GBX 301.74 and a 200 day moving average of GBX 298.12. The firm’s market cap is GBX 3.92 billion.
The firm also recently disclosed a dividend, which will be paid on Tuesday, November 22nd. Investors of record on Thursday, October 20th will be paid a GBX 4.60 ($0.06) dividend. This represents a yield of 1.55%. The ex-dividend date is Thursday, October 20th.
In related news, insider Fischel,David sold 37,175 shares of the 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).
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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