Intu Properties (LON:INTU) PT Lowered to GBX 192

Intu Properties (LON:INTU) had its price target decreased by research analysts at Numis Securities from GBX 246 ($3.43) to GBX 192 ($2.68) in a research report issued to clients and investors on Tuesday, April 17th. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Numis Securities’ price target suggests a potential downside of 4.48% from the company’s previous close.

Several other equities research analysts also recently issued reports on INTU. Peel Hunt reiterated a “reduce” rating and issued a GBX 225 ($3.14) price objective on shares of Intu Properties in a report on Friday, April 13th. Liberum Capital reiterated a “hold” rating and issued a GBX 265 ($3.70) price objective on shares of Intu Properties in a report on Tuesday, April 17th. Barclays reiterated an “equal weight” rating and issued a GBX 220 ($3.07) price objective on shares of Intu Properties in a report on Thursday, February 22nd. Morgan Stanley cut their price objective on Intu Properties from GBX 245 ($3.42) to GBX 230 ($3.21) and set an “equal weight” rating on the stock in a report on Tuesday, March 13th. Finally, Goldman Sachs cut their price objective on Intu Properties from GBX 270 ($3.77) to GBX 260 ($3.63) and set a “buy” rating on the stock in a report on Wednesday, March 14th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 229.17 ($3.20).

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Shares of LON INTU opened at GBX 200.40 ($2.79) on Tuesday. Intu Properties has a 1-year low of GBX 188.90 ($2.63) and a 1-year high of GBX 291.60 ($4.07).

In other news, insider David Fischel sold 24,713 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of GBX 212 ($2.96), for a total transaction of £52,391.56 ($73,070.52). Also, insider Matthew Roberts sold 22,046 shares of the company’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of GBX 209 ($2.91), for a total value of £46,076.14 ($64,262.40).

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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.

Analyst Recommendations for Intu Properties (LON:INTU)

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