| Date | Broker | Recomm. | Old target price | New target price | Notes |
|---|---|---|---|---|---|
| 28/10/2025 | JP Morgan Cazenove | overweight | - | - | reiteration |
| 12/09/2025 | Deutsche | buy | 2,170.00p | 2,220.00p | reiteration |
| 05/09/2025 | Morgan Stanley | overweight | - | - | reiteration |
| 31/07/2025 | Deutsche | buy | - | 2,170.00p | reiteration |
| 31/07/2025 | Citigroup | buy | 2,145.00p | 2,192.00p | reiteration |
| 30/07/2025 | Berenberg Bank | hold | 1,770.00p | 1,770.00p | reiteration |
| 16/07/2025 | Deutsche | buy | - | 2,170.00p | reiteration |
| 14/07/2025 | JP Morgan Cazenove | overweight | 2,100.00p | 2,200.00p | reiteration |
| 25/04/2025 | Deutsche | buy | 1,510.00p | 1,900.00p | reiteration |
| 03/03/2025 | JP Morgan Cazenove | overweight | 1,630.00p | 1,725.00p | reiteration |
| 20/02/2025 | Deutsche | buy | - | 1,510.00p | reiteration |
| 19/02/2025 | Berenberg Bank | buy | - | 1,440.00p | reiteration |
| 10/12/2024 | Berenberg Bank | buy | - | 1,440.00p | reiteration |
| 06/09/2024 | Berenberg Bank | buy | - | 1,360.00p | reiteration |
| 01/08/2024 | Shore Capital | hold | - | - | reiteration |
| 29/07/2024 | Citigroup | buy | - | 1,440.00p | upgrade |
| 25/07/2024 | JP Morgan Cazenove | overweight | - | 1,500.00p | reiteration |
| 12/07/2024 | JP Morgan Cazenove | overweight | - | 1,500.00p | reiteration |
| 02/07/2024 | JP Morgan Cazenove | overweight | - | 1,500.00p | reiteration |
| 12/04/2024 | Deutsche | buy | 1,290.00p | 1,440.00p | reiteration |
| 12/03/2024 | Barclays | overweight | 1,250.00p | 1,450.00p | reiteration |
| 08/03/2024 | Citigroup | neutral | - | 1,400.00p | restart coverage |
| 21/02/2024 | Berenberg Bank | buy | - | 1,220.00p | reiteration |
| 21/02/2024 | Shore Capital | buy | - | - | reiteration |
| 19/12/2023 | Berenberg Bank | buy | 1,170.00p | 1,220.00p | reiteration |
| 17/11/2023 | JP Morgan Cazenove | overweight | - | - | reiteration |
| 13/11/2023 | Berenberg Bank | buy | - | 1,170.00p | reiteration |
| 13/11/2023 | Shore Capital | buy | - | - | reiteration |
| 29/09/2023 | Berenberg Bank | buy | 1,050.00p | 1,170.00p | upgrade |
| 07/09/2023 | JP Morgan Cazenove | overweight | - | 1,150.00p | reiteration |
| 02/08/2023 | Shore Capital | buy | - | - | reiteration |
| 11/07/2023 | JP Morgan Cazenove | overweight | - | 1,100.00p | reiteration |
| 11/07/2023 | Citigroup | buy | - | - | reiteration |
| 27/06/2023 | Jefferies | buy | - | 1,100.00p | reiteration |
| 27/06/2023 | JP Morgan Cazenove | overweight | - | - | reiteration |
| 16/06/2023 | Berenberg Bank | hold | - | 1,000.00p | reiteration |
| 16/06/2023 | Jefferies | buy | - | 1,060.00p | reiteration |
| 04/05/2023 | Shore Capital | not rated | - | - | reiteration |
| 28/04/2023 | Berenberg Bank | hold | 950.00p | 1,000.00p | reiteration |
| 14/03/2023 | Deutsche | buy | - | 1,050.00p | reiteration |
| 01/03/2023 | Barclays | overweight | - | 1,020.00p | reiteration |
| 01/03/2023 | Citigroup | buy | - | 1,146.00p | reiteration |
| 28/02/2023 | Berenberg Bank | hold | 900.00p | 950.00p | downgrade |
| 23/02/2023 | Berenberg Bank | buy | - | 900.00p | reiteration |
| 17/01/2023 | Barclays | overweight | - | 1,020.00p | reiteration |
| 28/11/2022 | Citigroup | buy | 1,038.00p | 1,038.00p | reiteration |
| 16/11/2022 | Deutsche | buy | 26.00p | 21.00p | reiteration |
| 15/11/2022 | Berenberg Bank | buy | 900.00p | 900.00p | reiteration |
| 07/11/2022 | JP Morgan Cazenove | overweight | 1,000.00p | 11,000.00p | reiteration |
| 20/10/2022 | Barclays | overweight | 1,020.00p | 1,020.00p | reiteration |
| 19/10/2022 | Deutsche | buy | 970.00p | 970.00p | reiteration |
| 10/10/2022 | JP Morgan Cazenove | overweight | 965.00p | 1,000.00p | reiteration |
| 08/08/2022 | JP Morgan Cazenove | overweight | 965.00p | 965.00p | reiteration |
| 05/08/2022 | Deutsche | buy | 860.00p | 970.00p | reiteration |
| 04/08/2022 | Barclays | overweight | 900.00p | 1,020.00p | reiteration |
| 03/08/2022 | JP Morgan Cazenove | overweight | 870.00p | 965.00p | upgrade |
| 02/08/2022 | Berenberg Bank | buy | 850.00p | 900.00p | reiteration |
| 15/07/2022 | JP Morgan Cazenove | neutral | 850.00p | 870.00p | reiteration |
| 30/06/2022 | JP Morgan Cazenove | neutral | 850.00p | 850.00p | reiteration |
| 28/06/2022 | Deutsche | buy | 860.00p | 860.00p | reiteration |
| 16/05/2022 | Berenberg Bank | buy | - | 850.00p | reiteration |
| 20/05/2022 | JP Morgan Cazenove | neutral | - | 850.00p | reiteration |
| 11/05/2022 | Morgan Stanley | equal-weight | - | - | reiteration |
| 10/05/2022 | Barclays | overweight | 900.00p | 900.00p | reiteration |
| 09/05/2022 | JP Morgan Cazenove | neutral | 830.00p | 850.00p | reiteration |
| 06/05/2022 | Deutsche | buy | - | 860.00p | reiteration |
| 05/05/2022 | Berenberg Bank | buy | - | 850.00p | reiteration |
| 12/04/2022 | Deutsche | buy | 670.00p | 860.00p | reiteration |
| 04/04/2022 | Citigroup | buy | - | - | reiteration |
| 22/03/2022 | Berenberg Bank | buy | - | 850.00p | reiteration |
| 25/03/2022 | Barclays | overweight | 900.00p | 900.00p | reiteration |
| 09/03/2022 | Morgan Stanley | equal-weight | - | - | reiteration |
| 03/03/2022 | Citigroup | buy | - | 878.00p | reiteration |
| 28/02/2022 | Berenberg Bank | buy | - | 600.00p | reiteration |
| 28/02/2022 | JP Morgan Cazenove | neutral | 630.00p | 710.00p | reiteration |
| 25/02/2022 | JP Morgan Cazenove | neutral | 555.00p | 630.00p | upgrade |
| 25/02/2022 | Deutsche | buy | - | 670.00p | reiteration |
| 16/02/2022 | Berenberg Bank | buy | - | 600.00p | reiteration |
| 09/02/2022 | Morgan Stanley | overweight | - | - | reiteration |
| 09/02/2022 | Barclays | overweight | 644.00p | 644.00p | reiteration |
| 03/02/2022 | Deutsche | buy | - | 670.00p | reiteration |
| 25/01/2022 | Deutsche | buy | - | 670.00p | reiteration |
| 25/01/2022 | Citigroup | buy | - | 730.00p | reiteration |
| 20/01/2022 | JP Morgan Cazenove | underweight | - | 555.00p | reiteration |
| 12/01/2022 | Barclays | overweight | 644.00p | 644.00p | reiteration |
| 17/12/2021 | Deutsche | buy | - | 670.00p | reiteration |
| 14/12/2021 | JP Morgan Cazenove | underweight | 645.00p | 555.00p | downgrade |
| 08/12/2021 | Berenberg Bank | buy | - | 600.00p | reiteration |
| 24/11/2021 | JP Morgan Cazenove | neutral | - | 645.00p | reiteration |
| 09/11/2021 | Deutsche | buy | - | 670.00p | reiteration |
| 15/10/2021 | Deutsche | buy | - | 670.00p | reiteration |
| 14/10/2021 | Berenberg Bank | buy | - | 600.00p | reiteration |
| 20/05/2021 | Deutsche | buy | - | 670.00p | reiteration |
| 19/05/2021 | Berenberg Bank | buy | 600.00p | 600.00p | reiteration |
| 19/05/2021 | Jefferies | buy | - | 600.00p | reiteration |