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.

ILLEGAL ACTIVITY NOTICE: “Intu Properties PLC (INTU) PT Lowered to GBX 275 at J P Morgan Chase & Co” was first posted by American Banking News and is the property of of American Banking News. If you are reading this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be read at https://www.americanbankingnews.com/2017/09/17/intu-properties-plc-intu-pt-lowered-to-gbx-275-at-j-p-morgan-chase-co.html.

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.

Analyst Recommendations for Intu Properties PLC (LON:INTU)

Receive News & Ratings for Intu Properties PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intu Properties PLC and related companies with MarketBeat.com's FREE daily email newsletter.