Intu Properties (LON:INTU) Given New GBX 88 Price Target at Goldman Sachs Group

Intu Properties (LON:INTU) had its price objective cut by Goldman Sachs Group from GBX 92 ($1.20) to GBX 88 ($1.15) in a research note issued to investors on Tuesday, April 2nd, ThisIsMoney.Co.Uk reports. They currently have a sell rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued research reports about the stock. Numis Securities reaffirmed a hold rating and issued a GBX 123 ($1.61) price target on shares of Intu Properties in a report on Wednesday, February 20th. Peel Hunt reissued a hold rating and set a GBX 110 ($1.44) target price (down previously from GBX 120 ($1.57)) on shares of Intu Properties in a report on Tuesday, February 19th. HSBC lowered their target price on shares of Intu Properties from GBX 236 ($3.08) to GBX 136 ($1.78) and set a hold rating on the stock in a report on Wednesday, January 2nd. Deutsche Bank reaffirmed a hold rating on shares of Intu Properties in a report on Thursday, February 21st. Finally, Berenberg Bank decreased their price target on shares of Intu Properties from GBX 150 ($1.96) to GBX 130 ($1.70) and set a hold rating on the stock in a report on Friday, February 22nd. Six analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 111.86 ($1.46).

INTU stock traded down GBX 0.56 ($0.01) during mid-day trading on Tuesday, reaching GBX 96.60 ($1.26). 2,937,469 shares of the company traded hands, compared to its average volume of 4,510,000. The company has a market capitalization of $1.29 billion and a P/E ratio of -1.15. The company has a debt-to-equity ratio of 139.12, a quick ratio of 0.86 and a current ratio of 1.07. Intu Properties has a fifty-two week low of GBX 97.18 ($1.27) and a fifty-two week high of GBX 208.90 ($2.73).

Intu Properties (LON:INTU) last announced its earnings results on Wednesday, February 20th. The real estate investment trust reported GBX 14.40 ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 13.90 ($0.18) by GBX 0.50 ($0.01). As a group, sell-side analysts forecast that Intu Properties will post 1476.00019331684 earnings per share for the current fiscal year.

In other news, insider Susan Marsden sold 22,133 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of GBX 108 ($1.41), for a total transaction of £23,903.64 ($31,234.34). Also, insider Ian Burke purchased 50,000 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were purchased at an average price of GBX 104 ($1.36) per share, for a total transaction of £52,000 ($67,947.21).

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.

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Analyst Recommendations for Intu Properties (LON:INTU)

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