Intu Properties PLC (LON:INTU) Earns Underperform Rating from Jefferies Group LLC

Jefferies Group LLC reaffirmed their underperform rating on shares of Intu Properties PLC (LON:INTU) in a research note published on Friday, July 28th. The brokerage currently has a GBX 229 ($2.98) price target on the real estate investment trust’s stock.

A number of other research firms also recently issued reports on INTU. Liberum Capital reiterated a sell rating and set a GBX 240 ($3.13) price target on shares of Intu Properties PLC in a research note on Thursday, July 27th. Numis Securities Ltd restated a reduce rating and issued a GBX 240 ($3.13) target price on shares of Intu Properties PLC in a research note on Thursday, July 27th. Peel Hunt restated a hold rating and issued a GBX 300 ($3.91) target price on shares of Intu Properties PLC in a research note on Thursday, July 27th. Citigroup Inc. reaffirmed a neutral rating and issued a GBX 300 ($3.91) price target on shares of Intu Properties PLC in a report on Monday, July 24th. Finally, BNP Paribas reissued an underperform rating and set a GBX 280 ($3.65) target price on shares of Intu Properties PLC in a report on Monday, April 3rd. Eight investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of GBX 277.38 ($3.61).

Intu Properties PLC (LON INTU) traded down 1.59% on Friday, hitting GBX 247.80. The stock had a trading volume of 1,593,780 shares. Intu Properties PLC has a 52 week low of GBX 247.40 and a 52 week high of GBX 319.40. The stock’s market capitalization is GBX 3.33 billion. The company has a 50-day moving average price of GBX 266.84 and a 200-day moving average price of GBX 273.20.

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The firm also recently announced a dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Thursday, October 19th will be paid a dividend of GBX 4.60 ($0.06) per share. This represents a dividend yield of 1.74%. The ex-dividend date is Thursday, October 19th.

In other news, insider John Whittaker purchased 2,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were purchased at an average price of GBX 256 ($3.33) per share, for a total transaction of £5,120 ($6,667.53). Also, insider David Fischel sold 23,957 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of GBX 268 ($3.49), for a total transaction of £64,204.76 ($83,610.83). Insiders have acquired 1,004,500 shares of company stock valued at $269,187,000 in the last ninety days.

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.

Analyst Recommendations for Intu Properties PLC (LON:INTU)

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