Jefferies Group LLC Reiterates Underperform Rating for Intu Properties PLC (INTU)

Jefferies Group LLC reaffirmed their underperform rating on shares of Intu Properties PLC (LON:INTU) in a report published on Friday, July 28th. Jefferies Group LLC currently has a GBX 229 ($2.97) price objective on the real estate investment trust’s stock.

A number of other brokerages have also commented on INTU. Liberum Capital restated a sell rating and set a GBX 240 ($3.12) price target on shares of Intu Properties PLC in a research note on Thursday, July 27th. Peel Hunt reaffirmed a hold rating and set a GBX 300 ($3.89) price objective on shares of Intu Properties PLC in a report on Thursday, July 27th. Numis Securities Ltd reaffirmed a reduce rating and set a GBX 240 ($3.12) price objective on shares of Intu Properties PLC in a report on Thursday, July 27th. BNP Paribas reaffirmed an underperform rating and set a GBX 280 ($3.63) price objective on shares of Intu Properties PLC in a report on Monday, April 3rd. Finally, Citigroup Inc. reissued a neutral rating and issued a GBX 300 ($3.89) price target on shares of Intu Properties PLC in a report on Monday, July 24th. Eight research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of GBX 277.38 ($3.60).

Shares of Intu Properties PLC (INTU) traded up 0.24% during midday trading on Friday, hitting GBX 251.50. 857,703 shares of the company’s stock traded hands. Intu Properties PLC has a 1-year low of GBX 246.30 and a 1-year high of GBX 319.40. The firm’s market capitalization is GBX 3.38 billion. The company has a 50 day moving average price of GBX 264.23 and a 200 day moving average price of GBX 272.43.

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

In other news, insider John Whittaker bought 2,000 shares of the company’s stock in a transaction on Monday, August 7th. The shares were acquired at an average cost of GBX 256 ($3.32) per share, with a total value of £5,120 ($6,646.76). Also, insider David Fischel sold 23,957 shares of Intu Properties PLC stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of GBX 268 ($3.48), for a total value of £64,204.76 ($83,350.33). Insiders have bought 1,004,500 shares of company stock valued at $269,187,000 over the last 90 days.

Intu Properties PLC Company Profile

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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