Intu Properties (INTU) Price Target Cut to GBX 190
Intu Properties (LON:INTU) had its price target cut by research analysts at Peel Hunt from GBX 200 ($2.61) to GBX 190 ($2.48) in a note issued to investors on Thursday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Peel Hunt’s price objective would indicate a potential downside of 1.88% from the company’s previous close.
Several other research analysts have also commented on the stock. Liberum Capital restated a “sell” rating on shares of Intu Properties in a report on Thursday, November 15th. Deutsche Bank restated a “hold” rating on shares of Intu Properties in a report on Wednesday, October 24th. Numis Securities restated a “hold” rating on shares of Intu Properties in a report on Friday, October 5th. JPMorgan Chase & Co. cut their price target on shares of Intu Properties from GBX 220 ($2.87) to GBX 175 ($2.29) and set a “neutral” rating on the stock in a report on Thursday, September 6th. Finally, UBS Group restated a “neutral” rating and issued a GBX 160 ($2.09) price target (down previously from GBX 200 ($2.61)) on shares of Intu Properties in a report on Wednesday, September 5th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Intu Properties currently has a consensus rating of “Hold” and an average target price of GBX 190.36 ($2.49).
Shares of INTU stock opened at GBX 193.65 ($2.53) on Thursday. Intu Properties has a 1-year low of GBX 188.90 ($2.47) and a 1-year high of GBX 291.60 ($3.81).
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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