Intu Properties (INTU) Receives Average Rating of “Hold” from Analysts

Intu Properties (LON:INTU) has earned a consensus rating of “Hold” from the eleven analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 242.90 ($3.41).

INTU has been the subject of a number of analyst reports. Morgan Stanley cut their price target on shares of Intu Properties from GBX 245 ($3.44) to GBX 230 ($3.23) and set an “equal weight” rating for the company in a research note on Tuesday, March 13th. Goldman Sachs cut their target price on shares of Intu Properties from GBX 270 ($3.79) to GBX 260 ($3.65) and set a “buy” rating for the company in a research note on Wednesday, March 14th. Numis Securities reiterated a “hold” rating and issued a GBX 246 ($3.45) target price on shares of Intu Properties in a research note on Thursday, February 22nd. Peel Hunt reiterated a “reduce” rating and issued a GBX 225 ($3.16) target price on shares of Intu Properties in a research note on Monday, March 19th. Finally, Liberum Capital reiterated a “hold” rating and issued a GBX 230 ($3.23) target price on shares of Intu Properties in a research note on Tuesday, December 12th.

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INTU traded down GBX 1.10 ($0.02) during midday trading on Friday, reaching GBX 204.60 ($2.87). 3,196,517 shares of the company’s stock were exchanged, compared to its average volume of 4,510,000. Intu Properties has a one year low of GBX 188.90 ($2.65) and a one year high of GBX 291.60 ($4.09).

The company also recently announced a dividend, which will be paid on Thursday, May 17th. Stockholders of record on Thursday, April 19th will be paid a GBX 9.40 ($0.13) dividend. The ex-dividend date is Thursday, April 19th. This represents a dividend yield of 4.38%. This is a boost from Intu Properties’s previous dividend of $4.60.

In related news, insider Matthew Roberts sold 22,046 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of GBX 209 ($2.93), for a total value of £46,076.14 ($64,677.34). Also, insider David Fischel sold 24,713 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of GBX 212 ($2.98), for a total transaction of £52,391.56 ($73,542.34).

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Intu Properties Company Profile

intu owns and manages some of the best shopping centres, in some of the strongest locations, in the UK and Spain. Our UK portfolio is made up of 17 centres, including ten of the top 25, and in Spain we own three of the country's top 10 centres, with advanced plans to build a fourth. We are passionate about creating compelling experiences, in centre and online, that make our customers smile and help our retailers flourish.

Analyst Recommendations for Intu Properties (LON:INTU)

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