Intu Properties (INTU) Given New GBX 110 Price Target at Morgan Stanley

Intu Properties (LON:INTU) had its price target trimmed by Morgan Stanley from GBX 150 ($1.96) to GBX 110 ($1.44) in a report released on Thursday morning. The firm currently has an underweight rating on the real estate investment trust’s stock.

Other equities research analysts have also issued reports about the company. Liberum Capital restated a sell rating on shares of Intu Properties in a research report on Thursday, November 15th. Peel Hunt decreased their price target on Intu Properties from GBX 200 ($2.61) to GBX 190 ($2.48) and set a hold rating on the stock in a research report on Thursday, November 22nd. Credit Suisse Group lowered Intu Properties to an underperform rating and decreased their price target for the stock from GBX 150 ($1.96) to GBX 100 ($1.31) in a research report on Tuesday, December 18th. UBS Group decreased their price target on Intu Properties from GBX 160 ($2.09) to GBX 110 ($1.44) and set a neutral rating on the stock in a research report on Friday, December 14th. Finally, Deutsche Bank decreased their price target on Intu Properties from GBX 140 ($1.83) to GBX 110 ($1.44) and set a hold rating on the stock in a research report on Friday, November 30th. Six research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Intu Properties has a consensus rating of Hold and an average price target of GBX 120.07 ($1.57).

INTU stock opened at GBX 110.75 ($1.45) on Thursday. Intu Properties has a 1-year low of GBX 101 ($1.32) and a 1-year high of GBX 220 ($2.87). The company has a market capitalization of $1.49 billion and a PE ratio of -1.31. 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 (LON:INTU) last released its quarterly earnings data on Wednesday, February 20th. The real estate investment trust reported GBX 14.40 ($0.19) earnings per share for the quarter, beating the consensus estimate of GBX 13.90 ($0.18) by GBX 0.50 ($0.01). Analysts forecast that Intu Properties will post 1478.0330138767 earnings per share for the current year.

In other Intu Properties news, insider Susan Marsden sold 22,133 shares of the 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). Also, insider John Whittaker acquired 5,000 shares of the firm’s stock in a transaction on Friday, December 21st. The stock was purchased at an average price of GBX 117 ($1.53) per share, for a total transaction 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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