Intu Properties PLC (INTU) PT Lowered to GBX 275 at J P Morgan Chase & Co
Intu Properties PLC (LON:INTU) had its price objective dropped by stock analysts at J P Morgan Chase & Co from GBX 310 ($4.00) to GBX 275 ($3.55) in a research note issued to investors on Thursday. The firm currently has a “neutral” rating on the real estate investment trust’s stock. J P Morgan Chase & Co’s price target suggests a potential upside of 16.57% from the stock’s previous close.
INTU has been the subject of a number of other reports. Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 230 ($2.97) price objective on shares of Intu Properties PLC in a report on Monday, September 11th. Liberum Capital reaffirmed a “sell” rating and set a GBX 240 ($3.10) price objective on shares of Intu Properties PLC in a report on Tuesday, June 6th. Numis Securities Ltd reaffirmed a “reduce” rating and set a GBX 240 ($3.10) price objective on shares of Intu Properties PLC in a report on Thursday, July 27th. Jefferies Group LLC reaffirmed an “underperform” rating and set a GBX 229 ($2.96) price objective on shares of Intu Properties PLC in a report on Friday, July 28th. Finally, Barclays PLC reaffirmed an “underweight” rating and set a GBX 280 ($3.62) price objective on shares of Intu Properties PLC in a report on Tuesday, June 13th. Eight equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 274.25 ($3.54).
Shares of Intu Properties PLC (INTU) traded down 0.67% during mid-day trading on Thursday, reaching GBX 235.90. 5,804,407 shares of the company’s stock traded hands. The stock’s market cap is GBX 3.17 billion. Intu Properties PLC has a 12-month low of GBX 234.30 and a 12-month high of GBX 302.70. The firm’s 50 day moving average price is GBX 248.32 and its 200-day moving average price is GBX 268.05.
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In other Intu Properties PLC news, insider John Whittaker bought 330,000 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The stock was acquired at an average cost of GBX 269 ($3.47) per share, for a total transaction of £887,700 ($1,146,454.86). Insiders have acquired 672,000 shares of company stock valued at $180,742,000 over the last ninety days.
About Intu Properties PLC
intu properties plc owns and manages shopping centers in the United Kingdom and in Spain. The Company is primarily a shopping center-focused business and operates through two segments, including United Kingdom and Spain. The Company’s Super-regional centers include intu Trafford Centre, intu Lakeside, intu Metrocentre, intu Braehead, intu Merry Hill and Cribbs Causeway.
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