| Date | Broker | Recomm. | Old target price | New target price | Notes |
|---|---|---|---|---|---|
| 23/10/2025 | JP Morgan Cazenove | neutral | 2,200.00p | 2,100.00p | reiteration |
| 22/10/2025 | Berenberg Bank | sell | 1,900.00p | 1,900.00p | reiteration |
| 08/10/2025 | Berenberg Bank | sell | 1,700.00p | 1,900.00p | reiteration |
| 19/08/2025 | Berenberg Bank | sell | 1,700.00p | 1,700.00p | reiteration |
| 20/08/2025 | JP Morgan Cazenove | neutral | 2,130.00p | 2,160.00p | reiteration |
| 23/07/2025 | Berenberg Bank | sell | 1,700.00p | 1,700.00p | downgrade |
| 21/07/2025 | Deutsche | hold | - | 1,900.00p | reiteration |
| 02/07/2025 | Deutsche | hold | 1,950.00p | 1,900.00p | reiteration |
| 18/02/2025 | Berenberg Bank | hold | - | 1,900.00p | reiteration |
| 18/02/2025 | JP Morgan Cazenove | neutral | - | - | reiteration |
| 23/01/2025 | Berenberg Bank | hold | - | 1,900.00p | reiteration |
| 06/12/2024 | JP Morgan Cazenove | neutral | 2,490.00p | 2,580.00p | reiteration |
| 19/11/2024 | Berenberg Bank | hold | - | 2,000.00p | reiteration |
| 09/09/2024 | Deutsche | hold | 2,250.00p | 2,100.00p | reiteration |
| 28/08/2024 | Berenberg Bank | hold | - | 2,000.00p | reiteration |
| 18/07/2024 | RBC Capital Markets | sector perform | 4,400.00p | 4,500.00p | reiteration |
| 18/07/2024 | Citigroup | buy | - | 2,500.00p | reiteration |
| 18/07/2024 | JP Morgan Cazenove | neutral | 2,720.00p | 2,650.00p | reiteration |
| 11/07/2024 | Berenberg Bank | hold | 2,100.00p | 2,000.00p | reiteration |
| 17/06/2024 | Citigroup | buy | - | - | reiteration |
| 12/06/2024 | Berenberg Bank | hold | - | 2,100.00p | reiteration |
| 31/05/2024 | Citigroup | buy | - | 2,600.00p | restart coverage |
| 30/05/2024 | Berenberg Bank | hold | - | 2,100.00p | reiteration |
| 26/04/2024 | Berenberg Bank | hold | - | 2,100.00p | reiteration |
| 18/04/2024 | Berenberg Bank | hold | - | 2,100.00p | reiteration |
| 18/04/2024 | Jefferies | buy | - | 2,700.00p | reiteration |
| 09/04/2024 | JP Morgan Cazenove | neutral | - | - | reiteration |
| 26/03/2024 | Berenberg Bank | hold | 2,200.00p | 2,100.00p | reiteration |
| 29/02/2024 | Barclays | equal-weight | 2,610.00p | 2,520.00p | reiteration |
| 21/02/2024 | RBC Capital Markets | sector perform | - | 4,400.00p | reiteration |
| 20/02/2024 | Citigroup | equal-weight | - | 2,610.00p | reiteration |
| 20/02/2024 | Berenberg Bank | hold | - | 2,200.00p | reiteration |
| 16/02/2024 | JP Morgan Cazenove | neutral | 2,730.00p | 2,660.00p | reiteration |
| 18/10/2023 | Berenberg Bank | hold | - | 2,400.00p | reiteration |
| 10/10/2023 | Berenberg Bank | hold | 2,200.00p | 2,400.00p | reiteration |
| 08/09/2023 | Deutsche | hold | 2,200.00p | 2,150.00p | reiteration |
| 07/09/2023 | Barclays | equal-weight | - | 2,715.00p | reiteration |
| 23/08/2023 | Berenberg Bank | hold | 2,400.00p | 2,200.00p | reiteration |
| 10/07/2023 | Barclays | equal-weight | 2,625.00p | 2,715.00p | reiteration |
| 26/06/2023 | Citigroup | neutral | - | 2,350.00p | reiteration |
| 05/06/2023 | Deutsche | hold | 2,300.00p | 2,200.00p | reiteration |
| 25/05/2023 | Berenberg Bank | buy | - | 2,800.00p | reiteration |
| 25/05/2023 | Deutsche | hold | - | 2,300.00p | reiteration |
| 24/04/2023 | Barclays | equal-weight | - | 2,550.00p | reiteration |
| 24/04/2023 | JP Morgan Cazenove | neutral | 2,550.00p | 2,370.00p | reiteration |
| 21/04/2023 | Berenberg Bank | buy | - | 2,800.00p | reiteration |
| 24/04/2023 | RBC Capital Markets | sector perform | 3,900.00p | 3,800.00p | reiteration |
| 24/04/2023 | Citigroup | neutral | - | 2,400.00p | restart coverage |
| 13/03/2023 | JP Morgan Cazenove | neutral | 2,510.00p | 2,550.00p | reiteration |
| 22/02/2023 | JP Morgan Cazenove | neutral | 2,500.00p | 2,510.00p | reiteration |
| 06/02/2023 | RBC Capital Markets | sector perform | 3,900.00p | 3,800.00p | reiteration |
| 20/01/2023 | Barclays | equal-weight | - | - | reiteration |
| 20/01/2023 | Credit Suisse | neutral | 2,600.00p | 2,600.00p | reiteration |
| 20/01/2023 | JP Morgan Cazenove | neutral | 2,450.00p | 2,500.00p | reiteration |
| 22/12/2022 | Berenberg Bank | hold | 2,300.00p | 2,300.00p | reiteration |
| 21/11/2022 | Deutsche | hold | 2,100.00p | 2,100.00p | reiteration |
| 20/10/2022 | Barclays | equal-weight | 2,200.00p | 2,200.00p | reiteration |
| 20/10/2022 | Berenberg Bank | hold | 2,300.00p | 2,300.00p | reiteration |
| 14/10/2022 | JP Morgan Cazenove | neutral | 2,410.00p | 2,310.00p | reiteration |
| 06/10/2022 | Berenberg Bank | hold | 2,100.00p | 2,300.00p | reiteration |
| 04/10/2022 | Barclays | equal-weight | 2,200.00p | 2,200.00p | reiteration |
| 26/09/2022 | JP Morgan Cazenove | neutral | 2,490.00p | 2,410.00p | reiteration |
| 07/09/2022 | Berenberg Bank | hold | 2,100.00p | 2,100.00p | reiteration |
| 17/08/2022 | JP Morgan Cazenove | neutral | 2,440.00p | 2,490.00p | reiteration |
| 17/08/2022 | Credit Suisse | neutral | 2,200.00p | 2,300.00p | reiteration |
| 17/08/2022 | Deutsche | hold | 2,200.00p | 2,200.00p | reiteration |
| 17/08/2022 | Berenberg Bank | hold | 2,100.00p | 2,100.00p | reiteration |
| 12/08/2022 | Barclays | equal-weight | 2,250.00p | 2,200.00p | reiteration |
| 09/08/2022 | Deutsche | hold | 2,200.00p | 2,200.00p | reiteration |
| 25/07/2022 | Berenberg Bank | hold | 2,200.00p | 2,100.00p | reiteration |
| 20/07/2022 | Deutsche | hold | 2,200.00p | 2,200.00p | reiteration |
| 08/07/2022 | Barclays | equal-weight | 2,400.00p | 2,250.00p | reiteration |
| 07/07/2022 | Berenberg Bank | hold | 2,700.00p | 2,200.00p | reiteration |
| 04/07/2022 | JP Morgan Cazenove | neutral | 2,590.00p | 2,510.00p | reiteration |
| 28/06/2022 | Deutsche | hold | 2,250.00p | 2,200.00p | reiteration |
| 22/06/2022 | JP Morgan Cazenove | neutral | 2,640.00p | 2,590.00p | reiteration |
| 14/06/2022 | Berenberg Bank | hold | - | 27.00p | reiteration |
| 30/05/2022 | Deutsche | hold | 2,400.00p | 2,250.00p | reiteration |
| 24/05/2022 | Barclays | equal-weight | 2,700.00p | 2,400.00p | reiteration |
| 23/05/2022 | Berenberg Bank | hold | - | 2,700.00p | reiteration |
| 16/05/2022 | RBC Capital Markets | sector perform | - | 2,700.00p | reiteration |
| 16/05/2022 | Barclays | equal-weight | - | 2,700.00p | reiteration |
| 11/05/2022 | Deutsche | hold | 2,500.00p | 2,400.00p | reiteration |
| 09/05/2022 | Berenberg Bank | hold | - | 2,700.00p | reiteration |
| 04/05/2022 | RBC Capital Markets | sector perform | - | 2,700.00p | reiteration |
| 04/05/2022 | Barclays | equal-weight | 2,700.00p | 2,700.00p | reiteration |
| 21/04/2022 | Berenberg Bank | hold | 2,700.00p | 2,700.00p | reiteration |
| 05/04/2022 | Berenberg Bank | hold | 2,300.00p | 2,700.00p | reiteration |
| 05/04/2022 | RBC Capital Markets | sector perform | - | 2,600.00p | reiteration |
| 05/04/2022 | Deutsche | hold | 2,300.00p | 2,500.00p | reiteration |
| 25/03/2022 | RBC Capital Markets | sector perform | - | 2,600.00p | reiteration |
| 21/03/2022 | Berenberg Bank | hold | - | 2,300.00p | reiteration |
| 20/03/2022 | Barclays | equal-weight | 2,500.00p | 2,500.00p | reiteration |
| 15/03/2022 | RBC Capital Markets | sector perform | - | 2,600.00p | reiteration |
| 10/03/2022 | Deutsche | hold | 2,100.00p | 2,300.00p | reiteration |
| 07/03/2022 | Berenberg Bank | hold | - | 2,300.00p | reiteration |
| 28/02/2022 | Barclays | equal-weight | - | 2,500.00p | reiteration |
| 28/02/2022 | Liberum Capital | sell | - | 1,750.00p | reiteration |
| 21/02/2022 | Berenberg Bank | hold | 2,200.00p | 2,300.00p | reiteration |
| 17/02/2022 | Deutsche | hold | 2,100.00p | 2,100.00p | reiteration |