Intu Properties (INTU) Downgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Intu Properties (LON:INTU) to an underweight rating in a research report report published on Monday morning, Digital Look reports. JPMorgan Chase & Co. currently has GBX 94 ($1.23) price target on the real estate investment trust’s stock, down from their prior price target of GBX 116 ($1.52).

Other equities analysts have also issued reports about the company. Deutsche Bank reiterated a hold rating on shares of Intu Properties in a research note on Tuesday, March 19th. Numis Securities reaffirmed a hold rating and set a GBX 123 ($1.61) price objective on shares of Intu Properties in a report on Wednesday, February 20th. Peel Hunt reaffirmed a hold rating and set a GBX 110 ($1.44) price objective (down from GBX 120 ($1.57)) on shares of Intu Properties in a report on Tuesday, February 19th. HSBC decreased their price objective on Intu Properties from GBX 136 ($1.78) to GBX 121 ($1.58) and set a hold rating on the stock in a report on Friday, March 1st. Finally, Berenberg Bank decreased their price objective on 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 investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of GBX 100.54 ($1.31).

LON INTU opened at GBX 97.84 ($1.28) on Monday. Intu Properties has a fifty-two week low of GBX 90.02 ($1.18) and a fifty-two week high of GBX 208.90 ($2.73). The company has a debt-to-equity ratio of 139.12, a quick ratio of 0.86 and a current ratio of 1.07. The stock has a market cap of $1.31 billion and a price-to-earnings ratio of -1.16.

Intu Properties (LON:INTU) last posted its earnings results on Wednesday, February 20th. The real estate investment trust reported GBX 14.40 ($0.19) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 13.90 ($0.18) by GBX 0.50 ($0.01). Analysts anticipate that Intu Properties will post 1476.00000945958 earnings per share for the current fiscal year.

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

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 eight of the top-20, 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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