JPMorgan Chase & Co. Lowers Intu Properties (INTU) Price Target to GBX 120
Intu Properties (LON:INTU) had its price objective trimmed by JPMorgan Chase & Co. from GBX 175 ($2.29) to GBX 120 ($1.57) in a report issued on Tuesday. The firm currently has a neutral rating on the real estate investment trust’s stock.
A number of other research analysts have also issued reports on INTU. Deutsche Bank cut their price target on shares of Intu Properties from GBX 150 ($1.96) to GBX 140 ($1.83) and set a sell rating on the stock in a research note on Tuesday, September 11th. Liberum Capital restated a sell rating on shares of Intu Properties in a research note on Wednesday, October 3rd. Numis Securities restated a hold rating on shares of Intu Properties in a research note on Friday, October 5th. Finally, Peel Hunt upgraded shares of Intu Properties to a hold rating and upped their price target for the company from GBX 180 ($2.35) to GBX 190 ($2.48) in a research note on Friday, October 5th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Intu Properties presently has a consensus rating of Hold and an average price target of GBX 158.20 ($2.07).
Shares of Intu Properties stock opened at GBX 109.75 ($1.43) on Tuesday. Intu Properties has a 12-month low of GBX 188.90 ($2.47) and a 12-month high of GBX 291.60 ($3.81).
About Intu Properties
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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