| Date | Broker | Recomm. | Old target price | New target price | Notes |
|---|---|---|---|---|---|
| 30/10/2025 | RBC Capital Markets | buy | 195.00p | 200.00p | reiteration |
| 22/10/2025 | Deutsche | buy | 245.00p | 240.00p | reiteration |
| 23/10/2025 | JP Morgan Cazenove | overweight | 234.00p | 242.00p | reiteration |
| 23/10/2025 | Citigroup | neutral | 205.00p | 220.00p | reiteration |
| 20/10/2025 | Jefferies | hold | 180.00p | 190.00p | reiteration |
| 17/10/2025 | UBS | sell | - | 175.00p | reiteration |
| 03/10/2025 | Deutsche | buy | 240.00p | 245.00p | reiteration |
| 02/10/2025 | Citigroup | hold | 200.00p | 205.00p | reiteration |
| 20/08/2025 | RBC Capital Markets | sector perform | 140.00p | 195.00p | upgrade |
| 01/08/2025 | Jefferies | hold | 175.00p | 180.00p | reiteration |
| 30/07/2025 | Deutsche | buy | 210.00p | 240.00p | reiteration |
| 31/07/2025 | Citigroup | neutral | 195.00p | 200.00p | reiteration |
| 29/07/2025 | JP Morgan Cazenove | overweight | - | - | reiteration |
| 10/07/2025 | RBC Capital Markets | outperform | 130.00p | 140.00p | reiteration |
| 09/07/2025 | Citigroup | neutral | 155.00p | 195.00p | reiteration |
| 08/07/2025 | JP Morgan Cazenove | overweight | - | 218.00p | reiteration |
| 07/07/2025 | JP Morgan Cazenove | overweight | - | 218.00p | upgrade |
| 06/03/2025 | Citigroup | neutral | 140.00p | 172.00p | reiteration |
| 13/06/2024 | Jefferies | hold | - | 155.00p | reiteration |
| 18/12/2023 | Citigroup | neutral | - | - | reiteration |
| 28/03/2023 | JP Morgan Cazenove | neutral | - | 215.00p | reiteration |
| 08/03/2023 | Credit Suisse | underperform | 160.00p | 210.00p | reiteration |
| 28/11/2022 | Deutsche | sell | 130.00p | 170.00p | reiteration |
| 24/10/2022 | Deutsche | sell | 125.00p | 130.00p | reiteration |
| 06/10/2022 | Deutsche | sell | 135.00p | 125.00p | reiteration |
| 14/09/2022 | Deutsche | sell | 175.00p | 135.00p | downgrade |
| 16/08/2022 | RBC Capital Markets | underperform | 145.00p | 150.00p | reiteration |
| 11/08/2022 | Citigroup | sell | - | - | reiteration |
| 10/08/2022 | JP Morgan Cazenove | neutral | 180.00p | 175.00p | reiteration |
| 10/08/2022 | Barclays | underweight | 140.00p | 150.00p | reiteration |
| 10/08/2022 | Deutsche | hold | 175.00p | 175.00p | reiteration |
| 21/07/2022 | Barclays | underweight | 140.00p | 140.00p | reiteration |
| 20/07/2022 | Citigroup | sell | 150.00p | 150.00p | reiteration |
| 13/07/2022 | Barclays | underweight | 210.00p | 140.00p | downgrade |
| 11/07/2022 | Deutsche | hold | 190.00p | 175.00p | reiteration |
| 06/07/2022 | JP Morgan Cazenove | neutral | 187.00p | 180.00p | reiteration |
| 01/07/2022 | Citigroup | sell | 150.00p | 150.00p | reiteration |
| 28/06/2022 | JP Morgan Cazenove | neutral | 187.00p | 187.00p | reiteration |
| 17/06/2022 | Deutsche | hold | 210.00p | 190.00p | reiteration |
| 27/05/2022 | RBC Capital Markets | underperform | - | 185.00p | reiteration |
| 23/05/2022 | Barclays | equal-weight | - | 210.00p | reiteration |
| 16/05/2022 | Deutsche | hold | 235.00p | 210.00p | reiteration |
| 13/05/2022 | RBC Capital Markets | outperform | - | 125.00p | reiteration |
| 11/05/2022 | Berenberg Bank | hold | 260.00p | 195.00p | reiteration |
| 09/05/2022 | Barclays | equal-weight | - | 210.00p | reiteration |
| 20/04/2022 | RBC Capital Markets | underperform | 225.00p | 185.00p | reiteration |
| 01/04/2022 | RBC Capital Markets | underperform | - | 225.00p | reiteration |
| 29/03/2022 | Morgan Stanley | underweight | 271.00p | 225.00p | reiteration |
| 24/03/2022 | RBC Capital Markets | underperform | - | 225.00p | reiteration |
| 24/03/2022 | Deutsche | hold | 230.00p | 235.00p | reiteration |
| 16/03/2022 | Deutsche | hold | 250.00p | 230.00p | reiteration |
| 03/03/2022 | Barclays | equal-weight | 245.00p | 210.00p | reiteration |
| 02/03/2022 | Deutsche | hold | - | 275.00p | reiteration |
| 21/02/2022 | Barclays | equal-weight | - | 245.00p | reiteration |
| 08/02/2022 | Deutsche | hold | - | - | reiteration |
| 07/02/2022 | Barclays | equal-weight | - | 245.00p | reiteration |
| 25/01/2022 | Berenberg Bank | hold | 285.00p | 260.00p | downgrade |
| 25/01/2022 | Deutsche | hold | - | 275.00p | reiteration |
| 11/01/2022 | Citigroup | neutral | - | - | reiteration |
| 16/12/2021 | Deutsche | hold | 320.00p | 275.00p | downgrade |
| 07/12/2021 | Barclays | equal-weight | 315.00p | 245.00p | reiteration |
| 03/12/2021 | Deutsche | buy | - | 320.00p | reiteration |
| 03/12/2021 | Citigroup | neutral | 280.00p | 260.00p | reiteration |
| 09/11/2021 | Deutsche | buy | - | 320.00p | reiteration |
| 19/10/2021 | Deutsche | buy | - | - | reiteration |
| 07/10/2021 | Morgan Stanley | equal-weight | 305.00p | 289.00p | reiteration |
| 17/08/2021 | RBC Capital Markets | underperform | 260.00p | 265.00p | reiteration |
| 11/08/2021 | JP Morgan Cazenove | overweight | 335.00p | 355.00p | reiteration |
| 11/08/2021 | Barclays | equal-weight | 330.00p | 315.00p | reiteration |
| 22/07/2021 | Deutsche | buy | 335.00p | 330.00p | reiteration |