Peel Hunt Downgrades Intu Properties (INTU) to Reduce
Intu Properties (LON:INTU) was downgraded by investment analysts at Peel Hunt to a “reduce” rating in a research report issued to clients and investors on Wednesday. They presently have a GBX 225 ($3.05) price objective on the real estate investment trust’s stock, up from their previous price objective of GBX 200 ($2.71). Peel Hunt’s price target points to a potential downside of 2.09% from the stock’s current price.
INTU has been the subject of a number of other reports. Deutsche Bank upgraded shares of Intu Properties to a “hold” rating and reduced their price target for the company from GBX 230 ($3.12) to GBX 220 ($2.98) in a research report on Wednesday, October 4th. Numis Securities reiterated a “reduce” rating and issued a GBX 190 ($2.58) target price on shares of Intu Properties in a research report on Thursday, November 2nd. Liberum Capital upped their target price on shares of Intu Properties from GBX 230 ($3.12) to GBX 265 ($3.59) and gave the stock a “hold” rating in a research report on Monday, January 8th. Finally, Goldman Sachs Group reiterated a “buy” rating and issued a GBX 302 ($4.10) target price on shares of Intu Properties in a research report on Wednesday, September 27th. Six analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 264.40 ($3.59).
Intu Properties (LON:INTU) traded down GBX 0.20 ($0.00) on Wednesday, hitting GBX 229.80 ($3.12). 3,086,909 shares of the stock were exchanged, compared to its average volume of 4,750,000. The stock has a market cap of $3,100.00 and a price-to-earnings ratio of 1,351.76. Intu Properties has a 12-month low of GBX 188.90 ($2.56) and a 12-month high of GBX 298.30 ($4.05).
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Intu Properties Company Profile
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.
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