Peel Hunt restated their reduce rating on shares of Intu Properties (LON:INTU) in a research report released on Friday morning. The firm currently has a GBX 225 ($3.22) price target on the real estate investment trust’s stock.
Other equities research analysts have also recently issued research reports about the company. Jefferies Group restated an underperform rating and issued a GBX 195 ($2.79) price target on shares of Intu Properties in a research note on Thursday, January 18th. Liberum Capital increased their price target on Intu Properties from GBX 230 ($3.29) to GBX 265 ($3.79) and gave the company a hold rating in a research note on Monday, January 8th. Numis Securities restated a hold rating and issued a GBX 246 ($3.52) price target on shares of Intu Properties in a research note on Thursday, February 22nd. Barclays restated an equal weight rating and issued a GBX 220 ($3.15) price target on shares of Intu Properties in a research note on Thursday, February 22nd. Finally, Credit Suisse Group upgraded Intu Properties to a neutral rating and increased their price target for the company from GBX 205 ($2.94) to GBX 218 ($3.12) in a research note on Monday, March 26th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Intu Properties currently has an average rating of Hold and an average price target of GBX 241.27 ($3.45).
Shares of Intu Properties stock opened at GBX 207.90 ($2.98) on Friday. Intu Properties has a 12-month low of GBX 188.90 ($2.70) and a 12-month high of GBX 291.60 ($4.18).
In other Intu Properties news, insider David Fischel sold 24,713 shares of the stock in a transaction on Monday, March 12th. The stock was 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 stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of GBX 209 ($2.99), for a total value 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.
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