| Date | Broker | Recomm. | Old target price | New target price | Notes |
|---|---|---|---|---|---|
| 15/10/2025 | Peel Hunt Limited | add | - | 255.00p | reiteration |
| 10/10/2025 | Berenberg Bank | buy | 265.00p | 289.00p | reiteration |
| 02/09/2025 | RBC Capital Markets | underperform | 200.00p | 200.00p | reiteration |
| 13/08/2025 | JP Morgan Cazenove | neutral | 290.00p | 275.00p | downgrade |
| 12/08/2025 | RBC Capital Markets | underperform | 220.00p | 200.00p | reiteration |
| 24/02/2025 | Berenberg Bank | buy | - | 265.00p | reiteration |
| 06/12/2024 | Deutsche | top pick | - | - | reiteration |
| 06/12/2024 | JP Morgan Cazenove | overweight | 290.00p | 295.00p | reiteration |
| 05/12/2024 | Berenberg Bank | buy | - | 265.00p | reiteration |
| 15/08/2024 | RBC Capital Markets | sector perform | - | 245.00p | reiteration |
| 17/07/2024 | JP Morgan Cazenove | overweight | - | 285.00p | reiteration |
| 24/06/2024 | JP Morgan Cazenove | overweight | 330.00p | 285.00p | reiteration |
| 18/06/2024 | Deutsche | buy | 300.00p | 275.00p | reiteration |
| 13/06/2024 | Jefferies | hold | - | 255.00p | reiteration |
| 05/06/2024 | Berenberg Bank | buy | - | 289.00p | reiteration |
| 08/03/2024 | Berenberg Bank | buy | - | 289.00p | reiteration |
| 20/02/2024 | Barclays | overweight | 336.00p | 325.00p | reiteration |
| 05/01/2024 | Berenberg Bank | buy | 258.00p | 289.00p | upgrade |
| 14/12/2023 | JP Morgan Cazenove | overweight | 290.00p | 295.00p | reiteration |
| 29/11/2023 | Deutsche | buy | 290.00p | 295.00p | upgrade |
| 13/11/2023 | JP Morgan Cazenove | overweight | - | - | reiteration |
| 07/09/2023 | Barclays | overweight | 330.00p | 333.00p | reiteration |
| 22/05/2023 | Jefferies | buy | - | 335.00p | reiteration |
| 11/04/2023 | JP Morgan Cazenove | overweight | - | 355.00p | reiteration |
| 28/03/2023 | Morgan Stanley | equal-weight | - | 285.00p | reiteration |
| 09/03/2023 | JP Morgan Cazenove | overweight | - | 355.00p | reiteration |
| 07/03/2023 | RBC Capital Markets | overweight | - | - | reiteration |
| 14/02/2023 | Barclays | overweight | 397.00p | 390.00p | reiteration |
| 08/02/2023 | Jefferies | buy | - | 335.00p | reiteration |
| 02/02/2023 | JP Morgan Cazenove | overweight | - | 375.00p | reiteration |
| 30/01/2023 | Berenberg Bank | hold | 345.00p | 290.00p | downgrade |
| 30/11/2022 | Barclays | overweight | 397.00p | 397.00p | reiteration |
| 21/11/2022 | Barclays | overweight | 390.00p | 390.00p | reiteration |
| 21/11/2022 | Deutsche | buy | 285.00p | 290.00p | reiteration |
| 27/10/2022 | Deutsche | buy | 330.00p | 285.00p | reiteration |
| 05/10/2022 | JP Morgan Cazenove | overweight | 375.00p | 375.00p | reiteration |
| 05/10/2022 | Barclays | overweight | 390.00p | 390.00p | reiteration |
| 14/09/2022 | Barclays | overweight | 390.00p | 390.00p | reiteration |
| 11/08/2022 | RBC Capital Markets | outperform | 310.00p | 310.00p | reiteration |
| 10/08/2022 | JP Morgan Cazenove | overweight | 365.00p | 375.00p | reiteration |
| 10/08/2022 | Deutsche | buy | 330.00p | 330.00p | reiteration |
| 08/08/2022 | JP Morgan Cazenove | overweight | 325.00p | 365.00p | upgrade |
| 08/08/2022 | Barclays | overweight | 380.00p | 380.00p | reiteration |
| 27/07/2022 | Berenberg Bank | buy | 343.00p | 345.00p | upgrade |
| 21/07/2022 | JP Morgan Cazenove | neutral | 325.00p | 325.00p | reiteration |
| 20/07/2022 | Barclays | overweight | 400.00p | 380.00p | reiteration |
| 08/07/2022 | Barclays | overweight | 400.00p | 400.00p | reiteration |
| 06/07/2022 | JP Morgan Cazenove | neutral | 325.00p | 325.00p | reiteration |
| 28/06/2022 | Barclays | overweight | 400.00p | 400.00p | reiteration |
| 27/05/2022 | RBC Capital Markets | outperform | - | 330.00p | reiteration |
| 11/05/2022 | Morgan Stanley | equal-weight | - | - | reiteration |
| 05/04/2022 | Morgan Stanley | equal-weight | 330.00p | 329.00p | reiteration |
| 01/04/2022 | RBC Capital Markets | outperform | - | 360.00p | reiteration |
| 28/03/2022 | Deutsche | buy | 320.00p | 330.00p | reiteration |
| 25/03/2022 | Morgan Stanley | equal-weight | - | - | reiteration |
| 09/03/2022 | Berenberg Bank | hold | 343.00p | 343.00p | reiteration |
| 10/03/2022 | JP Morgan Cazenove | neutral | - | 325.00p | reiteration |
| 10/03/2022 | Deutsche | buy | - | 335.00p | reiteration |
| 09/03/2022 | Barclays | overweight | 406.00p | 400.00p | reiteration |
| 09/03/2022 | Morgan Stanley | equal-weight | - | - | reiteration |
| 28/02/2022 | Barclays | overweight | 406.00p | 406.00p | reiteration |
| 14/02/2022 | Barclays | overweight | - | 406.00p | reiteration |
| 08/02/2022 | Deutsche | buy | - | - | reiteration |
| 04/02/2022 | Berenberg Bank | hold | 315.00p | 343.00p | reiteration |
| 02/02/2022 | Barclays | overweight | 406.00p | 406.00p | reiteration |
| 25/01/2022 | Deutsche | buy | - | 335.00p | reiteration |
| 22/11/2021 | Berenberg Bank | hold | 315.00p | 315.00p | reiteration |
| 25/10/2021 | Deutsche | buy | 325.00p | 335.00p | reiteration |
| 15/10/2021 | Deutsche | buy | - | 325.00p | reiteration |
| 15/10/2021 | Barclays | overweight | - | 397.00p | reiteration |
| 03/09/2021 | Barclays | overweight | 355.00p | 388.00p | reiteration |
| 10/08/2021 | JP Morgan Cazenove | neutral | 254.00p | 269.00p | reiteration |
| 05/08/2021 | Barclays | overweight | 353.00p | 355.00p | reiteration |
| 04/08/2021 | Berenberg Bank | hold | 315.00p | 315.00p | reiteration |
| 04/08/2021 | Shore Capital | under review | - | - | under review |
| 16/07/2021 | Barclays | overweight | 351.00p | 353.00p | reiteration |