Barclays Lowers Intu Properties (INTU) Price Target to GBX 100
Intu Properties (LON:INTU) had its price objective lowered by equities researchers at Barclays from GBX 160 ($2.09) to GBX 100 ($1.31) in a research report issued to clients and investors on Tuesday. The firm presently has an “underweight” rating on the real estate investment trust’s stock. Barclays’ price objective indicates a potential downside of 9.58% from the stock’s previous close.
Other research analysts have also recently issued reports about the company. Berenberg Bank assumed coverage on Intu Properties in a research report on Wednesday, August 29th. They set a “buy” rating and a GBX 230 ($3.01) price target for the company. Liberum Capital reiterated a “sell” rating on shares of Intu Properties in a research report on Wednesday, October 3rd. Deutsche Bank reduced their price target on Intu Properties from GBX 150 ($1.96) to GBX 140 ($1.83) and set a “sell” rating for the company in a research report on Tuesday, September 11th. JPMorgan Chase & Co. reduced their price target on Intu Properties from GBX 220 ($2.87) to GBX 175 ($2.29) and set a “neutral” rating for the company in a research report on Thursday, September 6th. Finally, Numis Securities reiterated a “hold” rating on shares of Intu Properties in a research report on Friday, October 5th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 183.93 ($2.40).
Shares of INTU stock opened at GBX 110.60 ($1.45) on Tuesday. Intu Properties has a twelve month low of GBX 188.90 ($2.47) and a twelve month high of GBX 291.60 ($3.81).
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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