This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Opening Price | Stop Loss | Profit Limit | Reward vs Risk | CFD Margin |
| 333.1p | 345p (11.9p/3.6% above) | 307p (26.1p/7.8% below) | 2.2x | 10% |
Observations – For
Observations – Against
INTU under more pressure than peers as UK’s Bank of England gears up for a rate rise. Underperformed UK 100 REIT peers over last 5 yrs. As one of the largest shopping centre owners in UK, very exposed to UK rate rise and potential for consumers to tighten purse strings, even if retail rents tend to be long term.
Citigroup (22 Jul) positive on UK real Estate, initiating coverage on INTU at Buy with ‘significantly further to run in this cycle’ and key themes of high rental growth in London offices and retail, valuations of regeneration sites and debt reduction. Otherwise limited broken comment this year compared to peers.
The majority of brokers positive/negative with average upside of just 4% from current share price. Over the last 3 months, 40% of updates expect downside and the most bearish 13.5% to below 12-month support 307p
Next Event: H1 Results, 30 Jul
Latest Broker 12-Month Consensus: 13% Buy, 57% Hold, 30% x Sell (breakdown available on request)
Source: DowJones Newswires, Reuters News, Boomberg, Company website
| Share | 1wk | 1m | 3m | 1yr | 2yr | 3yr | 4yr | 5yr |
| Perf % | -0.7 | 5.0 | -4.7 | 3.7 | 10.1 | 13.7 | -3.3 | 6.3 |
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