Intu Properties Upgraded to Hold by Numis Securities Ltd (INTU)
Intu Properties (LON:INTU) was upgraded by investment analysts at Numis Securities Ltd from a “reduce” rating to a “hold” rating in a note issued to investors on Tuesday, ARN reports. The firm currently has a GBX 305 ($4.77) price objective on the stock. Numis Securities Ltd’s price objective suggests a potential downside of 0.65% from the stock’s previous close.
Intu Properties (LON:INTU) opened at 312.23 on Tuesday. Intu Properties has a one year low of GBX 297.40 and a one year high of GBX 369.80. The stock’s 50-day moving average is GBX 322.9 and its 200-day moving average is GBX 332.6.
INTU has been the subject of a number of other recent research reports. Analysts at Deutsche Bank downgraded shares of Intu Properties (LON:INTU) from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, September 3rd. They now have a GBX 290 ($4.53) price target on the stock, down previously from GBX 390 ($6.10). Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Intu Properties (LON:INTU) from GBX 380 ($5.94) to GBX 360 ($5.63) in a research note to investors on Tuesday, September 3rd. They now have a “neutral” rating on the stock. Finally, analysts at BNP Paribas reiterated an “underperform” rating on shares of Intu Properties (LON:INTU) in a research note to investors on Friday, August 30th. They now have a GBX 310 ($4.85) price target on the stock.
Seven analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 323.99 ($5.07).
Intu Properties PLC, formerly Capital Shopping Centres Group PLC, is a Real Estate Investment Trust (LON:INTU).
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