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.

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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.

Analyst Recommendations for Intu Properties PLC (LON:INTU)

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