Intu Properties (INTU) Price Target Cut to GBX 104 by Analysts at HSBC

Intu Properties (LON:INTU) had its price objective reduced by HSBC from GBX 121 ($1.58) to GBX 104 ($1.36) in a research report sent to investors on Wednesday, ThisIsMoney.Co.Uk reports. They currently have a hold rating on the real estate investment trust’s stock.

Several other research analysts have also commented on the company. Peel Hunt reissued a hold rating and issued a GBX 110 ($1.44) price target (down from GBX 120 ($1.57)) on shares of Intu Properties in a research report on Tuesday, February 19th. Liberum Capital reissued a sell rating on shares of Intu Properties in a research report on Friday, February 8th. Berenberg Bank reduced their price target on Intu Properties from GBX 150 ($1.96) to GBX 130 ($1.70) and set a hold rating for the company in a research report on Friday, February 22nd. Morgan Stanley reduced their price target on Intu Properties from GBX 150 ($1.96) to GBX 110 ($1.44) and set an underweight rating for the company in a research report on Thursday, March 14th. Finally, Deutsche Bank reissued a hold rating on shares of Intu Properties in a research report on Tuesday, March 19th. Six research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Intu Properties has an average rating of Hold and an average target price of GBX 100.54 ($1.31).

Shares of LON INTU opened at GBX 97.06 ($1.27) on Wednesday. The company has a debt-to-equity ratio of 139.12, a current ratio of 1.07 and a quick ratio of 0.86. The firm has a market cap of $1.30 billion and a price-to-earnings ratio of -1.15. Intu Properties has a twelve month low of GBX 90.02 ($1.18) and a twelve month high of GBX 208.90 ($2.73).

Intu Properties (LON:INTU) last issued 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 Zacks’ consensus estimate of GBX 13.90 ($0.18) by GBX 0.50 ($0.01). Research analysts expect that Intu Properties will post 1476.00002480672 earnings per share for the current fiscal year.

In related news, insider Ian Burke purchased 50,000 shares of Intu Properties stock in a transaction dated Friday, April 5th. The stock was purchased 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 on Friday, March 8th. The stock was sold at an average price of GBX 108 ($1.41), for a total value 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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