Intu Properties (LON:INTU) Receives New Coverage from Analysts at Royal Bank of Canada

Equities research analysts at Royal Bank of Canada began coverage on shares of Intu Properties (LON:INTU) in a research note issued to investors on Monday, August 12th, Digital Look reports. The brokerage set a “sector performer” rating on the real estate investment trust’s stock.

Other analysts also recently issued reports about the company. Deutsche Bank decreased their price target on Intu Properties from GBX 95 ($1.24) to GBX 70 ($0.91) and set a “hold” rating for the company in a report on Wednesday, July 31st. Peel Hunt reiterated a “hold” rating on shares of Intu Properties in a report on Friday, August 9th. JPMorgan Chase & Co. cut shares of Intu Properties to an “underweight” rating and cut their price objective for the stock from GBX 116 ($1.52) to GBX 94 ($1.23) in a research report on Monday, May 13th. Berenberg Bank cut their price objective on shares of Intu Properties from GBX 130 ($1.70) to GBX 100 ($1.31) and set a “hold” rating on the stock in a research report on Tuesday, May 7th. Finally, HSBC cut their price objective on shares of Intu Properties from GBX 121 ($1.58) to GBX 104 ($1.36) and set a “hold” rating on the stock in a research report on Wednesday, May 15th. Six equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 87.15 ($1.14).

Intu Properties stock traded up GBX 2.63 ($0.03) during trading hours on Monday, reaching GBX 34.85 ($0.46). 3,882,620 shares of the company’s stock were exchanged, compared to its average volume of 4,510,000. The company has a quick ratio of 0.76, a current ratio of 1.26 and a debt-to-equity ratio of 180.76. The firm’s 50 day simple moving average is GBX 58.86 and its 200 day simple moving average is GBX 89.79. Intu Properties has a twelve month low of GBX 33.56 ($0.44) and a twelve month high of GBX 204 ($2.67). The firm has a market capitalization of $472.23 million and a PE ratio of -0.32.

In related news, insider Robert Allen acquired 100,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were bought at an average price of GBX 39 ($0.51) per share, with a total value of £39,000 ($50,960.41).

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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