J P Morgan Chase & Co Reaffirms “Neutral” Rating for Intu Properties PLC (INTU)

Intu Properties PLC (LON:INTU)‘s stock had its “neutral” rating reaffirmed by stock analysts at J P Morgan Chase & Co in a research note issued to investors on Monday, July 31st. They presently have a GBX 310 ($4.04) price target on the real estate investment trust’s stock. J P Morgan Chase & Co’s target price indicates a potential upside of 25.30% from the stock’s current price.

A number of other research analysts have also weighed in on INTU. Liberum Capital reissued a “sell” rating and set a GBX 240 ($3.13) target price on shares of Intu Properties PLC in a report on Thursday, July 27th. Numis Securities Ltd reissued a “reduce” rating and set a GBX 240 ($3.13) target price on shares of Intu Properties PLC in a report on Thursday, July 27th. Jefferies Group LLC restated an “underperform” rating and issued a GBX 229 ($2.98) price target on shares of Intu Properties PLC in a research note on Friday, July 28th. Peel Hunt restated a “hold” rating and issued a GBX 300 ($3.91) price target on shares of Intu Properties PLC in a research note on Thursday, July 27th. Finally, BNP Paribas restated an “underperform” rating and issued a GBX 280 ($3.65) price target on shares of Intu Properties PLC in a research note on Monday, April 3rd. Eight equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Intu Properties PLC has a consensus rating of “Hold” and a consensus price target of GBX 277.38 ($3.61).

Intu Properties PLC (LON:INTU) traded down 0.04% during midday trading on Monday, hitting GBX 247.30. The stock had a trading volume of 3,138,602 shares. The firm has a 50-day moving average price of GBX 265.81 and a 200-day moving average price of GBX 272.84. The firm’s market capitalization is GBX 3.32 billion. Intu Properties PLC has a 1-year low of GBX 246.03 and a 1-year high of GBX 319.40.

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In other Intu Properties PLC news, insider John Whittaker bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were bought at an average price of GBX 256 ($3.33) per share, for a total transaction of £5,120 ($6,667.53). Also, insider David Fischel sold 23,957 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of GBX 268 ($3.49), for a total value of £64,204.76 ($83,610.83). In the last three months, insiders bought 1,004,500 shares of company stock valued at $269,187,000.

Intu Properties PLC Company Profile

intu properties plc owns and manages shopping centers in the United Kingdom and in Spain. The Company is primarily a shopping center-focused business and operates through two segments, including United Kingdom and Spain. The Company’s Super-regional centers include intu Trafford Centre, intu Lakeside, intu Metrocentre, intu Braehead, intu Merry Hill and Cribbs Causeway.

Analyst Recommendations for Intu Properties PLC (LON:INTU)

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