Intu Properties PLC (INTU) Receives “Outperform” Rating from Macquarie

Macquarie reissued their outperform rating on shares of Intu Properties PLC (LON:INTU) in a research note released on Thursday. The brokerage currently has a GBX 320 ($4.03) price target on the real estate investment trust’s stock.

A number of other equities analysts have also issued reports on INTU. Jefferies Group LLC reiterated an underperform rating and issued a GBX 229 ($2.88) target price on shares of Intu Properties PLC in a research report on Friday, February 24th. Canaccord Genuity increased their target price on shares of Intu Properties PLC from GBX 275 ($3.46) to GBX 280 ($3.52) and gave the company a hold rating in a research report on Tuesday, February 28th. BNP Paribas reiterated an underperform rating and issued a GBX 280 ($3.52) target price on shares of Intu Properties PLC in a research report on Tuesday, January 3rd. Numis Securities Ltd reiterated a reduce rating and issued a GBX 238 ($3.00) target price on shares of Intu Properties PLC in a research report on Thursday, February 23rd. Finally, JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 310 ($3.90) target price on shares of Intu Properties PLC in a research report on Wednesday, December 14th. Ten analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of Sell and an average target price of GBX 272 ($3.42).

Intu Properties PLC (LON:INTU) traded up 2.54% during midday trading on Thursday, reaching GBX 274.80. 3,787,373 shares of the company’s stock traded hands. Intu Properties PLC has a 1-year low of GBX 254.70 and a 1-year high of GBX 319.90. The company’s market capitalization is GBX 3.69 billion. The firm’s 50 day moving average price is GBX 281.05 and its 200-day moving average price is GBX 276.99.

WARNING: “Intu Properties PLC (INTU) Receives “Outperform” Rating from Macquarie” was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this article on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this article can be viewed at https://www.chaffeybreeze.com/2017/04/20/intu-properties-plcs-intu-outperform-rating-reaffirmed-at-macquarie-updated-updated.html.

The firm also recently disclosed a dividend, which will be paid on Thursday, May 25th. Investors of record on Thursday, April 20th will be given a dividend of GBX 9.40 ($0.12) per share. This represents a yield of 3.23%. The ex-dividend date is Thursday, April 20th. This is a positive change from Intu Properties PLC’s previous dividend of $4.60.

In related news, insider David Fischel sold 15,567 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of GBX 279 ($3.51), for a total transaction of £43,431.93 ($54,665.74). Also, insider John Whittaker acquired 8,800 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The shares were acquired at an average cost of GBX 283 ($3.56) per share, for a total transaction of £24,904 ($31,345.50).

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.

Receive News & Ratings for Intu Properties PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intu Properties PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply