Liberum Capital Reaffirms Sell Rating for Intu Properties (INTU)
A number of other analysts have also weighed in on INTU. Peel Hunt reissued a hold rating and set a GBX 200 ($2.61) price objective (up previously from GBX 190 ($2.48)) on shares of Intu Properties in a research note on Friday, October 19th. Deutsche Bank reiterated a hold rating on shares of Intu Properties in a report on Wednesday, October 24th. Numis Securities reiterated a hold rating on shares of Intu Properties in a report on Friday, October 5th. Berenberg Bank started coverage on Intu Properties in a report on Wednesday, August 29th. They set a buy rating and a GBX 230 ($3.01) price target for the company. Finally, Morgan Stanley downgraded Intu Properties to an underweight rating in a report on Thursday, August 30th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 183.93 ($2.40).
Shares of INTU opened at GBX 111.02 ($1.45) on Wednesday. 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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