Intu Properties (INTU) Releases Quarterly Earnings Results, Beats Estimates By $0.50 EPS

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Intu Properties (LON:INTU) issued its quarterly earnings data on Wednesday. The real estate investment trust reported GBX 14.40 ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 13.90 ($0.18) by GBX 0.50 ($0.01), Digital Look Earnings reports.

LON INTU opened at GBX 108.05 ($1.41) on Wednesday. Intu Properties has a one year low of GBX 188.90 ($2.47) and a one year high of GBX 291.60 ($3.81).

In related news, insider John Whittaker purchased 5,000 shares of the business’s stock in a transaction dated Friday, December 21st. The shares were bought at an average price of GBX 117 ($1.53) per share, with a total value of £5,850 ($7,644.06).

INTU has been the subject of a number of analyst reports. Liberum Capital reissued a “sell” rating on shares of Intu Properties in a research report on Wednesday. Goldman Sachs Group cut Intu Properties to a “sell” rating and reduced their price objective for the company from GBX 117 ($1.53) to GBX 92 ($1.20) in a research note on Friday, January 25th. Deutsche Bank lowered their target price on Intu Properties from GBX 140 ($1.83) to GBX 110 ($1.44) and set a “hold” rating on the stock in a report on Friday, November 30th. Credit Suisse Group lowered Intu Properties to an “underperform” rating and decreased their price objective for the company from GBX 150 ($1.96) to GBX 100 ($1.31) in a research note on Tuesday, December 18th. Finally, HSBC reduced their target price on Intu Properties from GBX 236 ($3.08) to GBX 136 ($1.78) and set a “hold” rating on the stock in a research report on Wednesday, January 2nd. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 142.86 ($1.87).

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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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