HSBC Lowers Intu Properties (INTU) Price Target to GBX 104

Intu Properties (LON:INTU) had its price target lowered by HSBC from GBX 121 ($1.58) to GBX 104 ($1.36) in a research note published on Wednesday, ThisIsMoney.Co.Uk reports. HSBC currently has a hold rating on the real estate investment trust’s stock.

A number of other equities research analysts also recently issued reports on the company. Peel Hunt reiterated a hold rating on shares of Intu Properties in a research report on Tuesday. JPMorgan Chase & Co. cut shares of Intu Properties to an underweight rating and decreased their target price for the company from GBX 116 ($1.52) to GBX 94 ($1.23) in a research report on Monday. Berenberg Bank decreased their target price on shares of Intu Properties from GBX 130 ($1.70) to GBX 100 ($1.31) and set a hold rating for the company in a research report on Tuesday, May 7th. Numis Securities reissued a hold rating and set a GBX 116 ($1.52) target price on shares of Intu Properties in a research report on Friday, May 3rd. Finally, Liberum Capital reissued a sell rating on shares of Intu Properties in a research report on Friday, May 3rd. Six investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Intu Properties currently has an average rating of Hold and an average target price of GBX 100.54 ($1.31).

Shares of INTU stock traded down GBX 0.26 ($0.00) on Wednesday, reaching GBX 97.58 ($1.28). The company’s stock had a trading volume of 2,064,329 shares, compared to its average volume of 4,510,000. 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 12-month low of GBX 90.02 ($1.18) and a 12-month high of GBX 208.90 ($2.73). The company has a market capitalization of $1.31 billion and a PE ratio of -1.16.

Intu Properties (LON:INTU) last issued its quarterly earnings data on Wednesday, February 20th. The real estate investment trust reported GBX 14.40 ($0.19) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 13.90 ($0.18) by GBX 0.50 ($0.01). On average, sell-side analysts forecast that Intu Properties will post 1476.00000945958 EPS for the current fiscal year.

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