Intu Properties (INTU) Receives “Hold” Rating from Liberum Capital

Posted by on Apr 17th, 2018 // No Comments

Intu Properties (LON:INTU)‘s stock had its “hold” rating reiterated by stock analysts at Liberum Capital in a note issued to investors on Tuesday. They currently have a GBX 265 ($3.79) price objective on the real estate investment trust’s stock. Liberum Capital’s price target would indicate a potential upside of 27.47% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Credit Suisse Group lowered shares of Intu Properties to an “underperform” rating and cut their price target for the company from GBX 270 ($3.87) to GBX 205 ($2.94) in a report on Thursday, March 15th. Goldman Sachs cut their price target on shares of Intu Properties from GBX 270 ($3.87) to GBX 260 ($3.72) and set a “buy” rating on the stock in a report on Wednesday, March 14th. Morgan Stanley cut their price target on shares of Intu Properties from GBX 245 ($3.51) to GBX 230 ($3.29) and set an “equal weight” rating on the stock in a report on Tuesday, March 13th. Peel Hunt restated a “reduce” rating and set a GBX 225 ($3.22) price target on shares of Intu Properties in a report on Thursday, February 22nd. Finally, Numis Securities restated a “hold” rating and set a GBX 236 ($3.38) price target on shares of Intu Properties in a report on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 241.27 ($3.45).

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INTU stock opened at GBX 207.90 ($2.98) on Tuesday. Intu Properties has a 52-week low of GBX 188.90 ($2.70) and a 52-week high of GBX 291.60 ($4.18).

In related news, insider David Fischel sold 24,713 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of GBX 212 ($3.04), for a total transaction of £52,391.56 ($75,016.55). Also, insider Matthew Roberts sold 22,046 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of GBX 209 ($2.99), for a total transaction of £46,076.14 ($65,973.85).

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About Intu Properties

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 ten 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.

Analyst Recommendations for Intu Properties (LON:INTU)

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