Goldman Sachs Group Cuts Intu Properties (LON:INTU) Price Target to GBX 27

Intu Properties (LON:INTU) had its target price cut by Goldman Sachs Group from GBX 40 ($0.53) to GBX 27 ($0.36) in a research report sent to investors on Tuesday morning, Stock Target Advisor reports. They currently have a sell rating on the real estate investment trust’s stock.

Several other research firms have also recently issued reports on INTU. JPMorgan Chase & Co. decreased their target price on shares of Intu Properties from GBX 45 ($0.59) to GBX 29 ($0.38) and set an underweight rating for the company in a research note on Thursday, November 7th. Peel Hunt reiterated a hold rating on shares of Intu Properties in a research note on Tuesday, December 3rd. Liberum Capital reiterated a sell rating on shares of Intu Properties in a research note on Friday, December 6th. Berenberg Bank decreased their target price on shares of Intu Properties from GBX 100 ($1.32) to GBX 30 ($0.39) and set a hold rating for the company in a research note on Thursday, August 15th. Finally, HSBC decreased their target price on shares of Intu Properties from GBX 40 ($0.53) to GBX 36 ($0.47) and set a reduce rating for the company in a research note on Wednesday, November 27th. Nine equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Intu Properties has a consensus rating of Sell and a consensus price target of GBX 45.23 ($0.59).

INTU opened at GBX 35.14 ($0.46) on Tuesday. 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 firm has a fifty day moving average price of GBX 38.89 and a 200 day moving average price of GBX 55.48. Intu Properties has a 1 year low of GBX 30.20 ($0.40) and a 1 year high of GBX 122.15 ($1.61). The stock has a market cap of $487.27 million and a P/E ratio of -0.32.

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 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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