Intu Properties PLC (INTU) Price Target Cut to GBX 275
Intu Properties PLC (LON:INTU) had its target price cut by equities researchers at J P Morgan Chase & Co from GBX 310 ($4.00) to GBX 275 ($3.55) in a report released on Thursday. The firm currently has a “neutral” rating on the real estate investment trust’s stock. J P Morgan Chase & Co’s price target points to a potential upside of 13.87% from the stock’s previous close.
Several other research analysts have also recently weighed in on INTU. Liberum Capital reissued a “sell” rating and issued a GBX 240 ($3.10) price target on shares of Intu Properties PLC in a report on Thursday, July 27th. Credit Suisse Group reissued an “underperform” rating and issued a GBX 235 ($3.03) price target on shares of Intu Properties PLC in a report on Wednesday. Deutsche Bank AG reissued a “sell” rating and issued a GBX 230 ($2.97) price target on shares of Intu Properties PLC in a report on Monday. Peel Hunt reissued a “hold” rating and issued a GBX 300 ($3.87) price target on shares of Intu Properties PLC in a report on Thursday, July 27th. Finally, Numis Securities Ltd reissued a “reduce” rating and issued a GBX 240 ($3.10) price target on shares of Intu Properties PLC in a report on Thursday, July 27th. Eight analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Intu Properties PLC currently has a consensus rating of “Hold” and an average price target of GBX 274.25 ($3.54).
Shares of Intu Properties PLC (LON:INTU) opened at 241.50 on Thursday. The firm’s market capitalization is GBX 3.24 billion. The firm’s 50-day moving average price is GBX 249.79 and its 200-day moving average price is GBX 268.49. Intu Properties PLC has a 12-month low of GBX 241.00 and a 12-month high of GBX 302.70.
ILLEGAL ACTIVITY NOTICE: “Intu Properties PLC (INTU) Price Target Cut to GBX 275” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/09/14/intu-properties-plc-intu-price-target-cut-to-gbx-275.html.
In other news, insider John Whittaker acquired 330,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were acquired at an average cost of GBX 269 ($3.47) per share, with a total value of £887,700 ($1,146,454.86). Insiders purchased 672,000 shares of company stock worth $180,742,000 over the last three months.
About Intu Properties PLC
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.
Receive News & Stock Ratings for Intu Properties PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intu Properties PLC and related stocks with our FREE daily email newsletter.