A number of other equities analysts have also issued reports on the company. Barclays lowered their price target on Intu Properties from GBX 180 ($2.35) to GBX 160 ($2.09) and set an underweight rating on the stock in a report on Monday, August 6th. Morgan Stanley lowered Intu Properties to an underweight rating in a report on Thursday, August 30th. Berenberg Bank initiated coverage on Intu Properties in a report on Wednesday, August 29th. They set a buy rating and a GBX 230 ($3.01) price target on the stock. Peel Hunt reissued a reduce rating and set a GBX 165 ($2.16) price target (down previously from GBX 180 ($2.35)) on shares of Intu Properties in a report on Thursday, July 26th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of 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. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of GBX 191.07 ($2.50).
Shares of INTU stock traded down GBX 1.15 ($0.02) during mid-day trading on Tuesday, hitting GBX 195.55 ($2.56). 4,485,049 shares of the stock were exchanged, compared to its average volume of 4,510,000. Intu Properties has a 12-month low of GBX 188.90 ($2.47) and a 12-month 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.
Further Reading: Return on Investment (ROI)
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