Intu Properties (INTU) Rating Increased to Hold at Deutsche Bank

Deutsche Bank upgraded shares of Intu Properties (LON:INTU) to a hold rating in a report issued on Friday morning.

Other equities research analysts also recently issued research reports about the company. Berenberg Bank initiated coverage on Intu Properties in a research report on Wednesday, August 29th. They set a buy rating and a GBX 230 ($3.00) price target on the stock. Numis Securities restated a hold rating on shares of Intu Properties in a research report on Thursday, July 26th. Liberum Capital restated a hold rating on shares of Intu Properties in a research report on Friday, July 20th. JPMorgan Chase & Co. lowered their price target on Intu Properties from GBX 220 ($2.87) to GBX 175 ($2.28) and set a neutral rating on the stock in a research report on Thursday, September 6th. Finally, UBS Group restated a neutral rating and set a GBX 160 ($2.08) price target (down previously from GBX 200 ($2.61)) on shares of Intu Properties in a research report on Wednesday, September 5th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Intu Properties presently has a consensus rating of Hold and an average target price of GBX 190.36 ($2.48).

LON INTU opened at GBX 185.18 ($2.41) on Friday. Intu Properties has a twelve month low of GBX 188.90 ($2.46) and a twelve month high of GBX 291.60 ($3.80).

Intu Properties (LON:INTU) last released its quarterly earnings results on Thursday, July 26th. The real estate investment trust reported GBX 7.30 ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of GBX 7.50 ($0.10) by GBX (0.20) ($0.00). Intu Properties had a net margin of 39.93% and a return on equity of 5.08%.

The business also recently disclosed a dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Thursday, October 18th will be paid a dividend of GBX 4.60 ($0.06) per share. The ex-dividend date of this dividend is Thursday, October 18th. This represents a dividend yield of 2.74%.

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 10 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.

Further Reading: Leveraged Buyout (LBO) Explained

Analyst Recommendations for Intu Properties (LON:INTU)

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