Intu Properties Downgraded to “Sell” at Societe Generale (INTU)
Intu Properties (LON:INTU) was downgraded by research analysts at Societe Generale to a “sell” rating in a report released on Tuesday, StockRatingsNetwork reports. They currently have a GBX 290 ($4.68) price objective on the stock. Societe Generale’s price objective points to a potential downside of 9.69% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Intu Properties (LON:INTU) in a research note to investors on Wednesday, September 18th. They now have a GBX 315 ($5.08) price target on the stock. Separately, analysts at Numis Securities Ltd upgraded shares of Intu Properties (LON:INTU) from a “reduce” rating to a “hold” rating in a research note to investors on Tuesday, September 10th. They now have a GBX 305 ($4.92) price target on the stock. Finally, 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 ($4.68) price target on the stock, down previously from GBX 390 ($6.29). Eight equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 320.42 ($5.17).
Shares of Intu Properties (LON:INTU) traded up 1.18% on Tuesday, hitting GBX 324.90. 1,481,990 shares of the company’s stock traded hands. Intu Properties has a 1-year low of GBX 278.793 and a 1-year high of GBX 363.00. The stock’s 50-day moving average is GBX 0. and its 200-day moving average is GBX 0..
Intu Properties PLC, formerly Capital Shopping Centres Group PLC, is a Real Estate Investment Trust (LON:INTU).
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