| Date | Broker | Recomm. | Old target price | New target price | Notes |
|---|---|---|---|---|---|
| 11/09/2025 | Jefferies | hold | 5,900.00p | 5,700.00p | downgrade |
| 15/08/2025 | UBS | neutral | - | 5,000.00p | reiteration |
| 29/04/2025 | RBC Capital Markets | sector perform | 6,750.00p | 4,125.00p | downgrade |
| 22/01/2025 | Berenberg Bank | buy | - | 7,000.00p | reiteration |
| 16/12/2024 | Jefferies | buy | - | 6,800.00p | reiteration |
| 06/12/2024 | JP Morgan Cazenove | overweight | 6,600.00p | 7,300.00p | reiteration |
| 14/10/2024 | Berenberg Bank | buy | - | 7,000.00p | reiteration |
| 18/09/2024 | Berenberg Bank | buy | - | 7,000.00p | new coverage |
| 04/09/2024 | Deutsche | buy | - | 6,500.00p | reiteration |
| 03/09/2024 | Jefferies | buy | - | 6,150.00p | reiteration |
| 24/06/2024 | Deutsche | buy | 6,800.00p | 6,500.00p | reiteration |
| 12/06/2024 | Jefferies | buy | - | 6,150.00p | reiteration |
| 15/05/2024 | Barclays | overweight | - | 6,600.00p | reiteration |
| 07/05/2024 | Deutsche | buy | - | 6,800.00p | reiteration |
| 01/05/2024 | Jefferies | buy | - | 6,150.00p | reiteration |
| 12/03/2024 | RBC Capital Markets | sector perform | 5,300.00p | 5,100.00p | reiteration |
| 16/02/2024 | JP Morgan Cazenove | overweight | - | 6,800.00p | reiteration |
| 04/12/2023 | Berenberg Bank | buy | 500.00p | 700.00p | reiteration |
| 04/12/2023 | Canaccord Genuity | hold | 475.00p | 615.00p | downgrade |
| 22/11/2023 | RBC Capital Markets | sector perform | 5,500.00p | 5,300.00p | reiteration |
| 21/11/2023 | Barclays | overweight | 6,300.00p | 6,000.00p | reiteration |
| 11/09/2023 | Numis | buy | - | 7,000.00p | reiteration |
| 07/09/2023 | RBC Capital Markets | outperform | 445.00p | 480.00p | reiteration |
| 06/09/2023 | JP Morgan Cazenove | overweight | - | 6,300.00p | reiteration |
| 05/09/2023 | Canaccord Genuity | buy | 450.00p | 475.00p | reiteration |
| 17/07/2023 | JP Morgan Cazenove | overweight | 6,700.00p | 6,200.00p | reiteration |
| 16/06/2023 | JP Morgan Cazenove | overweight | 6,500.00p | 6,700.00p | reiteration |
| 15/06/2023 | RBC Capital Markets | sector perform | 5,450.00p | 5,500.00p | reiteration |
| 13/06/2023 | Jefferies | buy | - | 7,000.00p | reiteration |
| 07/06/2023 | Deutsche | hold | - | 4,460.00p | reiteration |
| 24/04/2023 | Barclays | overweight | - | 6,300.00p | reiteration |
| 08/03/2023 | Jefferies | buy | 6,000.00p | 7,000.00p | reiteration |
| 08/03/2023 | Deutsche | hold | - | 4,460.00p | reiteration |
| 07/03/2023 | Peel Hunt Limited | buy | - | 5,200.00p | reiteration |
| 13/02/2023 | JP Morgan Cazenove | overweight | 5,500.00p | 6,000.00p | reiteration |
| 09/02/2023 | Numis | buy | - | 7,000.00p | reiteration |
| 07/12/2022 | Barclays | overweight | 5,650.00p | 6,000.00p | reiteration |
| 07/12/2022 | Deutsche | hold | 4,000.00p | 4,000.00p | reiteration |
| 25/11/2022 | JP Morgan Cazenove | overweight | 5,500.00p | 5,500.00p | reiteration |
| 21/10/2022 | Barclays | overweight | 5,650.00p | 5,650.00p | reiteration |
| 07/09/2022 | Barclays | overweight | 5,650.00p | 5,650.00p | reiteration |
| 07/09/2022 | Deutsche | hold | 4,000.00p | 4,000.00p | reiteration |
| 18/08/2022 | RBC Capital Markets | outperform | 4,825.00p | 4,825.00p | reiteration |
| 10/08/2022 | Barclays | overweight | 5,650.00p | 5,650.00p | reiteration |
| 28/07/2022 | JP Morgan Cazenove | overweight | 6,100.00p | 6,100.00p | reiteration |
| 20/06/2022 | JP Morgan Cazenove | overweight | - | 6,100.00p | reiteration |
| 15/06/2022 | Deutsche | hold | - | 4,136.00p | reiteration |
| 18/05/2022 | Deutsche | hold | 4,770.00p | 4,136.00p | reiteration |
| 11/05/2022 | RBC Capital Markets | outperform | 4,950.00p | 4,625.00p | upgrade |
| 10/05/2022 | JP Morgan Cazenove | overweight | 6,500.00p | 6,100.00p | reiteration |
| 13/04/2022 | Deutsche | hold | 5,230.00p | 4,770.00p | reiteration |
| 10/03/2022 | JP Morgan Cazenove | overweight | - | 6,500.00p | reiteration |
| 10/03/2022 | Liberum Capital | hold | 5,050.00p | 5,050.00p | reiteration |
| 09/03/2022 | Morgan Stanley | equal-weight | - | - | reiteration |
| 08/03/2022 | Barclays | overweight | 6,650.00p | 5,940.00p | reiteration |
| 18/02/2022 | Deutsche | hold | 5,850.00p | 5,230.00p | reiteration |
| 25/01/2022 | Deutsche | hold | - | 5,850.00p | reiteration |
| 15/12/2021 | JP Morgan Cazenove | overweight | - | 6,500.00p | reiteration |
| 07/12/2021 | Barclays | overweight | 6,230.00p | 6,650.00p | reiteration |
| 07/12/2021 | Peel Hunt Limited | hold | - | 5,800.00p | reiteration |
| 06/12/2021 | Liberum Capital | hold | - | - | reiteration |
| 01/12/2021 | Deutsche | hold | 5,570.00p | 5,850.00p | reiteration |
| 24/11/2021 | Liberum Capital | hold | 5,900.00p | 6,650.00p | reiteration |
| 19/10/2021 | Deutsche | hold | - | - | reiteration |
| 01/10/2021 | Berenberg Bank | hold | - | 5.00p | reiteration |
| 20/09/2021 | RBC Capital Markets | sector perform | 5,350.00p | 5,700.00p | reiteration |
| 13/09/2021 | Berenberg Bank | hold | 4,850.00p | 5,500.00p | reiteration |
| 14/09/2021 | Barclays | overweight | 5,280.00p | 5,280.00p | reiteration |
| 25/06/2021 | Credit Suisse | outperform | 4,100.00p | 6,000.00p | reiteration |
| 16/06/2021 | Barclays | overweight | 4,810.00p | 5,280.00p | reiteration |
| 15/06/2021 | Numis | buy | - | 5,000.00p | reiteration |
| 30/04/2021 | Berenberg Bank | hold | 2,850.00p | 4,850.00p | reiteration |
| 12/05/2021 | JP Morgan Cazenove | overweight | 4,300.00p | 5,050.00p | reiteration |