| Date | Broker | Recomm. | Old target price | New target price | Notes |
|---|---|---|---|---|---|
| 16/10/2025 | JP Morgan Cazenove | neutral | - | 2,760.00p | reiteration |
| 08/10/2025 | Berenberg Bank | buy | 3,000.00p | 3,000.00p | reiteration |
| 07/10/2025 | Berenberg Bank | buy | 2,300.00p | 3,000.00p | upgrade |
| 25/09/2025 | SP Angel | buy | 333.00p | 303.00p | reiteration |
| 09/09/2025 | Berenberg Bank | hold | 1,900.00p | 2,300.00p | upgrade |
| 04/09/2025 | Berenberg Bank | sell | 1,900.00p | 1,900.00p | reiteration |
| 20/08/2025 | JP Morgan Cazenove | neutral | - | 1,980.00p | reiteration |
| 04/08/2025 | RBC Capital Markets | sector perform | 2,000.00p | 1,900.00p | reiteration |
| 30/07/2025 | JP Morgan Cazenove | neutral | 1,932.00p | 2,080.00p | reiteration |
| 28/07/2025 | Deutsche | buy | - | 2,600.00p | reiteration |
| 28/07/2025 | Citigroup | neutral | 2,200.00p | 2,300.00p | reiteration |
| 24/07/2025 | Berenberg Bank | sell | 1,900.00p | 1,900.00p | reiteration |
| 03/07/2025 | Berenberg Bank | sell | 2,000.00p | 1,900.00p | reiteration |
| 09/04/2025 | Berenberg Bank | sell | - | 2,100.00p | reiteration |
| 31/03/2025 | Berenberg Bank | sell | - | 2,000.00p | reiteration |
| 19/02/2025 | JP Morgan Cazenove | neutral | 2,160.00p | 2,190.00p | reiteration |
| 18/02/2025 | Berenberg Bank | sell | - | 2,100.00p | reiteration |
| 06/02/2025 | Berenberg Bank | sell | - | 2,100.00p | reiteration |
| 12/12/2024 | Citigroup | top pick | - | - | reiteration |
| 22/11/2024 | JP Morgan Cazenove | neutral | - | - | reiteration |
| 24/10/2024 | Berenberg Bank | sell | - | 2,100.00p | reiteration |
| 09/09/2024 | Deutsche | buy | 2,900.00p | 2,700.00p | reiteration |
| 26/07/2024 | Berenberg Bank | sell | - | 2,100.00p | reiteration |
| 08/07/2024 | Berenberg Bank | sell | - | 2,000.00p | reiteration |
| 03/07/2024 | JP Morgan Cazenove | overweight | 2,735.00p | 2,590.00p | reiteration |
| 26/06/2024 | Berenberg Bank | sell | 3,000.00p | 2,000.00p | downgrade |
| 26/06/2024 | Bank of America | buy | - | 3,100.00p | reiteration |
| 12/06/2024 | Berenberg Bank | hold | - | 3,000.00p | reiteration |
| 31/05/2024 | Citigroup | buy | - | 3,000.00p | reiteration |
| 15/05/2024 | Berenberg Bank | hold | 1,600.00p | 3,000.00p | reiteration |
| 13/05/2024 | RBC Capital Markets | outperform | 2,300.00p | 3,100.00p | reiteration |
| 09/04/2024 | JP Morgan Cazenove | overweight | - | - | reiteration |
| 26/03/2024 | Berenberg Bank | hold | - | 1,600.00p | reiteration |
| 19/02/2024 | Berenberg Bank | hold | - | 1,600.00p | reiteration |
| 09/02/2024 | Barclays | overweight | 2,630.00p | 2,630.00p | reiteration |
| 09/02/2024 | Jefferies | buy | - | 2,500.00p | reiteration |
| 18/12/2023 | Barclays | overweight | - | 2,575.00p | reiteration |
| 28/11/2023 | Berenberg Bank | hold | 2,500.00p | 2,200.00p | reiteration |
| 17/11/2023 | JP Morgan Cazenove | overweight | - | - | reiteration |
| 09/11/2023 | JP Morgan Cazenove | overweight | - | - | reiteration |
| 05/10/2023 | Barclays | overweight | - | 2,900.00p | reiteration |
| 05/10/2023 | Berenberg Bank | hold | - | 2,400.00p | reiteration |
| 28/09/2023 | Deutsche | hold | - | 3,100.00p | reiteration |
| 27/09/2023 | Berenberg Bank | hold | - | 2,400.00p | reiteration |
| 12/09/2023 | Barclays | overweight | 3,000.00p | 2,900.00p | reiteration |
| 27/07/2023 | Berenberg Bank | hold | 2,600.00p | 2,400.00p | reiteration |
| 10/07/2023 | Barclays | overweight | 3,300.00p | 3,100.00p | reiteration |
| 21/06/2023 | Morgan Stanley | equal-weight | 2,520.00p | 2,430.00p | reiteration |
| 21/06/2023 | Berenberg Bank | hold | - | 3,300.00p | reiteration |
| 22/06/2023 | Barclays | overweight | - | 3,300.00p | reiteration |
| 06/06/2023 | RBC Capital Markets | outperform | 2,500.00p | 2,700.00p | upgrade |
| 05/06/2023 | Deutsche | hold | 3,400.00p | 3,200.00p | reiteration |
| 25/05/2023 | Berenberg Bank | hold | - | 1,300.00p | reiteration |
| 02/05/2023 | Berenberg Bank | hold | - | 3,300.00p | reiteration |
| 13/04/2023 | Citigroup | top pick | - | - | reiteration |
| 01/03/2023 | RBC Capital Markets | sector perform | - | 2,600.00p | reiteration |
| 21/02/2023 | Berenberg Bank | hold | - | 3,600.00p | reiteration |
| 22/02/2023 | JP Morgan Cazenove | overweight | 3,500.00p | 3,400.00p | reiteration |
| 16/01/2023 | Credit Suisse | neutral | - | - | downgrade |
| 16/01/2023 | Citigroup | top pick | - | - | reiteration |
| 08/12/2022 | Berenberg Bank | hold | 3,000.00p | 3,000.00p | reiteration |
| 23/11/2022 | Deutsche | hold | 3,400.00p | 3,500.00p | reiteration |
| 17/11/2022 | Barclays | equal-weight | 3,165.00p | 3,165.00p | reiteration |
| 01/11/2022 | Barclays | equal-weight | 3,165.00p | 3,165.00p | reiteration |
| 28/10/2022 | Berenberg Bank | hold | 3,000.00p | 3,000.00p | reiteration |
| 21/10/2022 | Barclays | equal-weight | 3,150.00p | 3,165.00p | reiteration |
| 06/10/2022 | Barclays | equal-weight | 3,150.00p | 3,150.00p | reiteration |
| 05/10/2022 | Deutsche | hold | 3,500.00p | 3,400.00p | reiteration |
| 06/10/2022 | Berenberg Bank | hold | 3,200.00p | 3,000.00p | downgrade |
| 26/09/2022 | JP Morgan Cazenove | overweight | 3,850.00p | 4,000.00p | reiteration |
| 09/09/2022 | Barclays | equal-weight | 3,175.00p | 3,150.00p | reiteration |
| 03/08/2022 | Barclays | equal-weight | 3,175.00p | 3,175.00p | reiteration |
| 26/07/2022 | RBC Capital Markets | sector perform | 3,300.00p | 3,300.00p | reiteration |
| 22/07/2022 | JP Morgan Cazenove | neutral | 3,800.00p | 3,650.00p | reiteration |
| 22/07/2022 | Barclays | equal-weight | 3,175.00p | 3,175.00p | reiteration |
| 22/07/2022 | Deutsche | hold | 3,500.00p | 3,500.00p | reiteration |
| 22/07/2022 | Berenberg Bank | buy | 3,300.00p | 3,200.00p | reiteration |
| 08/07/2022 | Barclays | equal-weight | 3,400.00p | 3,175.00p | reiteration |
| 07/07/2022 | Berenberg Bank | buy | 4,000.00p | 3,300.00p | reiteration |
| 04/07/2022 | JP Morgan Cazenove | neutral | 3,350.00p | 3,800.00p | reiteration |
| 28/06/2022 | Deutsche | hold | 3,900.00p | 3,500.00p | downgrade |
| 23/06/2022 | Barclays | equal-weight | 3,400.00p | 3,400.00p | reiteration |
| 22/06/2022 | JP Morgan Cazenove | neutral | 3,450.00p | 3,350.00p | reiteration |
| 14/06/2022 | Berenberg Bank | buy | - | 40.00p | reiteration |
| 23/05/2022 | Berenberg Bank | buy | - | 4,000.00p | reiteration |
| 16/05/2022 | RBC Capital Markets | sector perform | - | 3,400.00p | reiteration |
| 16/05/2022 | Barclays | equal-weight | - | 3,400.00p | reiteration |
| 13/05/2022 | JP Morgan Cazenove | neutral | - | - | reiteration |
| 11/05/2022 | Deutsche | buy | 4,300.00p | 3,900.00p | reiteration |
| 11/05/2022 | Morgan Stanley | equal-weight | - | - | reiteration |
| 09/05/2022 | Berenberg Bank | buy | - | 4,000.00p | reiteration |
| 04/05/2022 | RBC Capital Markets | sector perform | - | 3,400.00p | reiteration |
| 04/05/2022 | Barclays | equal-weight | 3,400.00p | 3,400.00p | reiteration |
| 21/04/2022 | Berenberg Bank | buy | 4,300.00p | 4,000.00p | reiteration |
| 20/04/2022 | RBC Capital Markets | outperform | 4,200.00p | 4,400.00p | reiteration |
| 14/04/2022 | Morgan Stanley | equal-weight | - | 3,700.00p | reiteration |
| 13/04/2022 | Barclays | equal-weight | - | 3,150.00p | reiteration |
| 05/04/2022 | Berenberg Bank | buy | 3,800.00p | 4,300.00p | reiteration |
| 05/04/2022 | RBC Capital Markets | outperform | - | 4,200.00p | reiteration |
| 05/04/2022 | Deutsche | buy | 4,100.00p | 4,300.00p | reiteration |