Intu Properties (LON:INTU) had its price target lowered by Berenberg Bank from GBX 100 ($1.31) to GBX 30 ($0.39) in a research note released on Thursday, Digital Look reports. Berenberg Bank currently has a hold rating on the real estate investment trust’s stock.
Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada assumed coverage on shares of Intu Properties in a research note on Monday, August 12th. They issued a sector performer rating on the stock. HSBC cut their target price on shares of Intu Properties from GBX 121 ($1.58) to GBX 104 ($1.36) and set a hold rating on the stock in a research note on Wednesday, May 15th. Deutsche Bank cut their target price on shares of Intu Properties from GBX 95 ($1.24) to GBX 70 ($0.91) and set a hold rating on the stock in a research note on Wednesday, July 31st. JPMorgan Chase & Co. downgraded shares of Intu Properties to an underweight rating and cut their target price for the company from GBX 116 ($1.52) to GBX 94 ($1.23) in a research note on Monday, May 13th. Finally, Peel Hunt reissued a hold rating on shares of Intu Properties in a research note 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’s stock. The company has an average rating of Hold and an average price target of GBX 87.15 ($1.14).
LON:INTU opened at GBX 36.55 ($0.48) on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.26 and a debt-to-equity ratio of 180.76. The company has a market cap of $495.27 million and a P/E ratio of -0.33. Intu Properties has a fifty-two week low of GBX 33.56 ($0.44) and a fifty-two week high of GBX 204 ($2.67). The firm’s 50 day moving average is GBX 64.61 and its two-hundred day moving average is GBX 92.28.
In other news, insider Robert Allen purchased 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average price 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.
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