Intu Properties (LON:INTU) had its target price decreased by stock analysts at Deutsche Bank from GBX 140 ($1.83) to GBX 110 ($1.44) in a report released on Friday. The firm presently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank’s price objective would suggest a potential downside of 3.13% from the stock’s current price.
A number of other research analysts also recently issued reports on the stock. Barclays dropped their price target on shares of Intu Properties from GBX 180 ($2.35) to GBX 160 ($2.09) and set an “underweight” rating on the stock in a research report on Monday, August 6th. Berenberg Bank assumed coverage on shares of Intu Properties in a research report on Wednesday, August 29th. They issued a “buy” rating and a GBX 230 ($3.01) price target on the stock. Morgan Stanley downgraded shares of Intu Properties to an “underweight” rating in a research report on Thursday, August 30th. UBS Group restated a “neutral” rating and issued a GBX 160 ($2.09) price target (down previously from GBX 200 ($2.61)) on shares of Intu Properties in a research report on Wednesday, September 5th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Intu Properties from GBX 220 ($2.87) to GBX 175 ($2.29) and set a “neutral” rating on the stock in a research report on Thursday, September 6th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Intu Properties presently has an average rating of “Hold” and an average price target of GBX 188.21 ($2.46).
INTU opened at GBX 113.55 ($1.48) on Friday. Intu Properties has a fifty-two week low of GBX 188.90 ($2.47) and a fifty-two week high of GBX 291.60 ($3.81).
Intu Properties Company Profile
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 10 of the top-25, 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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