Intu Properties (LON:INTU) was downgraded by stock analysts at Credit Suisse Group to an “underperform” rating in a research note issued on Thursday, March 15th. They presently have a GBX 205 ($2.88) target price on the real estate investment trust’s stock, down from their previous target price of GBX 270 ($3.79). Credit Suisse Group’s price target points to a potential upside of 0.20% from the stock’s previous close.
A number of other research firms also recently issued reports on INTU. Barclays restated an “equal weight” rating and set a GBX 220 ($3.09) target price on shares of Intu Properties in a research report on Thursday, February 22nd. Morgan Stanley cut their price objective on shares of Intu Properties from GBX 245 ($3.44) to GBX 230 ($3.23) and set an “equal weight” rating for the company in a report on Tuesday, March 13th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 230 ($3.23) price objective on shares of Intu Properties in a report on Wednesday, December 6th. Numis Securities reaffirmed a “hold” rating and issued a GBX 246 ($3.45) price objective on shares of Intu Properties in a report on Thursday, February 22nd. Finally, Goldman Sachs reissued a “neutral” rating and set a GBX 270 ($3.79) target price on shares of Intu Properties in a research note on Friday, December 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 241.27 ($3.39).
Shares of INTU opened at GBX 204.60 ($2.87) on Thursday. Intu Properties has a twelve month low of GBX 188.90 ($2.65) and a twelve month high of GBX 291.60 ($4.09).
In other Intu Properties news, insider Matthew Roberts sold 22,046 shares of the stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of GBX 209 ($2.93), for a total value of £46,076.14 ($64,677.34). Also, insider David Fischel sold 24,713 shares of the stock in a transaction on Monday, March 12th. The shares were sold at an average price of GBX 212 ($2.98), for a total transaction of £52,391.56 ($73,542.34).
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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 ten 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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