Todays Report: The Insider Buying: Intu Properties PLC (INTU) Insider Acquires £64,326,417.64 in Stock

The Insider Buying: Intu Properties PLC (INTU) Insider Acquires £64,326,417.64 in Stock

Intu Properties PLC (LON:INTU) insider John Whittaker purchased 22,258,276 shares of the stock in a transaction on Wednesday, October 12th. The stock was acquired at an average price of GBX 289 ($3.52) per share, with a total value of £64,326,417.64 ($78,399,046.48).

Intu Properties PLC (LON:INTU) opened at 287.40 on Tuesday. The company’s 50-day moving average price is GBX 294.81 and its 200-day moving average price is GBX 296.43. The company’s market capitalization is GBX 3.83 billion. Intu Properties PLC has a 52 week low of GBX 254.70 and a 52 week high of GBX 355.70.

The firm also recently announced a dividend, which will be paid on Tuesday, November 22nd. Investors of record on Thursday, October 20th will be paid a dividend of GBX 4.60 ($0.06) per share. The ex-dividend date of this dividend is Thursday, October 20th. This represents a yield of 1.55%.

INTU has been the topic of several research analyst reports. Jefferies Group reduced their price objective on Intu Properties PLC from GBX 240 ($2.93) to GBX 229 ($2.79) and set an “underperform” rating on the stock in a research note on Monday, June 20th. BNP Paribas reaffirmed an “underperform” rating and issued a GBX 320 ($3.90) price objective on shares of Intu Properties PLC in a research note on Monday, June 20th. Deutsche Bank AG reduced their price objective on Intu Properties PLC from GBX 380 ($4.63) to GBX 330 ($4.02) and set a “hold” rating on the stock in a research note on Friday, June 24th. Credit Suisse Group AG reduced their price objective on Intu Properties PLC from GBX 285 ($3.47) to GBX 230 ($2.80) and set an “underperform” rating on the stock in a research note on Tuesday, June 28th. Finally, Goldman Sachs Group Inc. reduced their price objective on Intu Properties PLC from GBX 350 ($4.27) to GBX 314 ($3.83) and set a “neutral” rating on the stock in a research note on Wednesday, June 29th. Ten research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Intu Properties PLC has an average rating of “Sell” and an average target price of GBX 282.12 ($3.44).

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