JPMorgan Chase & Co. Lowers Intu Properties (INTU) Price Target to GBX 120

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Intu Properties (LON:INTU) had its price target trimmed by JPMorgan Chase & Co. from GBX 175 ($2.29) to GBX 120 ($1.57) in a report issued on Tuesday. The firm currently has a neutral rating on the real estate investment trust’s stock.

Several other equities analysts also recently commented on INTU. Numis Securities reiterated a hold rating on shares of Intu Properties in a report on Friday, October 5th. Liberum Capital reiterated a sell rating on shares of Intu Properties in a report on Monday, October 15th. HSBC cut their price target 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. Barclays cut their price target on shares of Intu Properties from GBX 160 ($2.09) to GBX 100 ($1.31) and set an underweight rating on the stock in a report on Tuesday, December 4th. Finally, Peel Hunt reiterated a hold rating on shares of Intu Properties in a report on Thursday, November 29th. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of GBX 158.20 ($2.07).

Shares of LON:INTU opened at GBX 109.75 ($1.43) on Tuesday. Intu Properties has a 12 month low of GBX 188.90 ($2.47) and a 12 month high of GBX 291.60 ($3.81).

In related news, insider John Whittaker acquired 5,000 shares of the stock in a transaction on Friday, December 21st. The stock was bought at an average cost of GBX 117 ($1.53) per share, with a total value of £5,850 ($7,644.06).

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 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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