Intu Properties (LON:INTU) had its price target dropped by Goldman Sachs Group from GBX 40 ($0.53) to GBX 27 ($0.36) in a report issued on Tuesday, ThisIsMoney.Co.Uk reports. The firm currently has a “sell” rating on the real estate investment trust’s stock. Goldman Sachs Group’s target price would indicate a potential downside of 20.14% from the company’s previous close.
Several other equities research analysts have also recently issued reports on the stock. Deutsche Bank cut shares of Intu Properties to a “sell” rating and decreased their target price for the stock from GBX 70 ($0.92) to GBX 30 ($0.39) in a research report on Thursday, November 7th. Liberum Capital reaffirmed a “sell” rating on shares of Intu Properties in a research report on Friday. Royal Bank of Canada dropped their price target on shares of Intu Properties from GBX 43 ($0.57) to GBX 33 ($0.43) and set a “sector performer” rating for the company in a research report on Friday, November 8th. Credit Suisse Group cut their price target on shares of Intu Properties from GBX 40 ($0.53) to GBX 31 ($0.41) and set an “underperform” rating on the stock in a research note on Thursday, November 7th. Finally, UBS Group reiterated a “sell” rating on shares of Intu Properties in a report on Friday, November 1st. Nine equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock has an average rating of “Sell” and an average target price of GBX 45.23 ($0.59).
LON INTU opened at GBX 33.81 ($0.44) on Tuesday. The company has a market cap of $484.97 million and a P/E ratio of -0.31. Intu Properties has a 12 month low of GBX 30.20 ($0.40) and a 12 month high of GBX 122.15 ($1.61). The company has a debt-to-equity ratio of 180.76, a current ratio of 1.26 and a quick ratio of 0.76. The company has a 50-day moving average of GBX 39.76 and a 200-day moving average of GBX 56.42.
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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