Stock analysts at Royal Bank of Canada began coverage on shares of Intu Properties (LON:INTU) in a research note issued on Monday, August 12th, Digital Look reports. The firm set a “sector performer” rating on the real estate investment trust’s stock.
Several other equities analysts also recently issued reports on INTU. Deutsche Bank cut their target price on Intu Properties from GBX 95 ($1.24) to GBX 70 ($0.91) and set a “hold” rating on the stock in a research report on Wednesday, July 31st. Berenberg Bank cut their target price on Intu Properties from GBX 130 ($1.70) to GBX 100 ($1.31) and set a “hold” rating on the stock in a research report on Tuesday, May 7th. Barclays lowered their price target on shares of Intu Properties from GBX 85 ($1.11) to GBX 40 ($0.52) and set an “underweight” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. lowered shares of Intu Properties to an “underweight” rating and lowered their price target for the company from GBX 116 ($1.52) to GBX 94 ($1.23) in a report on Monday, May 13th. Finally, Peel Hunt reaffirmed a “hold” rating on shares of Intu Properties in a report on Friday, August 9th. Six equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 87.15 ($1.14).
Shares of LON INTU traded down GBX 1.65 ($0.02) during mid-day trading on Monday, hitting GBX 32.22 ($0.42). The stock had a trading volume of 6,800,890 shares, compared to its average volume of 4,510,000. The company has a debt-to-equity ratio of 180.76, a quick ratio of 0.76 and a current ratio of 1.26. The company has a 50 day moving average of GBX 59.69 and a two-hundred day moving average of GBX 90.20. Intu Properties has a twelve month low of GBX 33.56 ($0.44) and a twelve month high of GBX 204 ($2.67). The firm has a market cap of $436.59 million and a PE ratio of -0.29.
In other Intu Properties news, insider Robert Allen purchased 100,000 shares of the stock in a transaction on Monday, August 5th. The shares were bought at an average cost of GBX 39 ($0.51) per share, with a total value of £39,000 ($50,960.41).
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 eight of the top-20, 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.
Further Reading: Return on Equity (ROE)
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