Intu Properties (INTU) Trading 13% Higher
Shares of Intu Properties plc (LON:INTU) traded up 13% during trading on Friday . The company traded as high as GBX 203.90 ($2.66) and last traded at GBX 200.80 ($2.62). 3,527,443 shares were traded during trading, a decline of 22% from the average session volume of 4,510,000 shares. The stock had previously closed at GBX 177.70 ($2.32).
A number of analysts recently commented on the company. Berenberg Bank began coverage on Intu Properties in a report on Wednesday, August 29th. They set a “buy” rating and a GBX 230 ($3.01) price target on the stock. Liberum Capital lowered Intu Properties to a “sell” rating and lowered their target price for the company from GBX 200 ($2.61) to GBX 145 ($1.89) in a research note on Friday, July 27th. Peel Hunt restated a “reduce” rating and issued a GBX 165 ($2.16) target price (down from GBX 180 ($2.35)) on shares of Intu Properties in a research note on Thursday, July 26th. Numis Securities restated a “hold” rating on shares of Intu Properties in a research note on Thursday, July 26th. Finally, Barclays lowered their target price on Intu Properties from GBX 180 ($2.35) to GBX 160 ($2.09) and set an “underweight” rating on the stock in a research note on Monday, August 6th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 190.36 ($2.49).
Intu Properties (LON:INTU) last issued its earnings results on Thursday, July 26th. The real estate investment trust reported GBX 7.30 ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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%.
Intu Properties Company Profile (LON:INTU)
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.
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