Liberum Capital Reaffirms “Hold” Rating for Intu Properties (INTU)
Liberum Capital reiterated their hold rating on shares of Intu Properties (LON:INTU) in a research note released on Tuesday. Liberum Capital currently has a GBX 230 ($3.10) price target on the real estate investment trust’s stock.
Other research analysts have also recently issued reports about the stock. Deutsche Bank reaffirmed a sell rating and issued a GBX 230 ($3.10) target price on shares of Intu Properties in a report on Monday, September 11th. Credit Suisse Group reaffirmed an underperform rating and issued a GBX 235 ($3.16) target price on shares of Intu Properties in a report on Wednesday, September 13th. J P Morgan Chase & Co decreased their target price on shares of Intu Properties from GBX 310 ($4.17) to GBX 275 ($3.70) and set a neutral rating for the company in a report on Thursday, September 14th. Goldman Sachs Group reiterated a buy rating and issued a GBX 302 ($4.06) price target on shares of Intu Properties in a research note on Wednesday, September 27th. Finally, Numis Securities reiterated a reduce rating and issued a GBX 190 ($2.56) price target on shares of Intu Properties in a research note on Thursday, November 2nd. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. Intu Properties presently has a consensus rating of Hold and a consensus target price of GBX 266.27 ($3.58).
Shares of Intu Properties (LON:INTU) traded up GBX 1.10 ($0.01) during midday trading on Tuesday, reaching GBX 244.70 ($3.29). 4,514,634 shares of the company were exchanged, compared to its average volume of 9,760,000. Intu Properties has a one year low of GBX 188.90 ($2.54) and a one year high of GBX 298.30 ($4.01).
In related news, insider David Fischel bought 375 shares of the stock in a transaction dated Tuesday, November 21st. The shares were purchased at an average price of GBX 203 ($2.73) per share, with a total value of £761.25 ($1,024.56).
Intu Properties 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.
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