Berenberg Bank Stock Recommendations and Price Targets

This is a list of recent ratings by Berenberg Bank.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
12/19/2024	GPE Great Portland Estates	Reiterated Rating	GBX 292	GBX 382	Hold	N/A
12/17/2024	FRP FRP Advisory Group	Reiterated Rating	GBX 149	GBX 220	Buy	N/A
12/17/2024	RCDO Ricardo	Reiterated Rating	GBX 430	GBX 730	Buy	N/A
12/13/2024	RBW Rainbow Rare Earths	Reiterated Rating	GBX 12	GBX 38	Buy	N/A
12/13/2024	BOY Bodycote	Reiterated Rating	GBX 625	GBX 800	Buy	N/A
12/13/2024	CPG Compass Group	Boost Price Target	GBX 2,648	GBX 2,460 ➝ GBX 2,900	Buy	N/A
12/13/2024	IPX Impax Asset Management Group	Lower Price Target	GBX 241	GBX 560 ➝ GBX 510	Buy	N/A
12/12/2024	ADT1 Adriatic Metals	Lower Price Target	GBX 199	GBX 230 ➝ GBX 220	Buy	N/A
12/12/2024	BEG Begbies Traynor Group	Reiterated Rating	GBX 92	GBX 150	Buy	N/A
12/12/2024	STEM SThree	Lower Price Target	GBX 270	GBX 520 ➝ GBX 390	Buy	N/A
12/12/2024	RWS RWS	Reiterated Rating	GBX 182	GBX 330	Buy	N/A
12/11/2024	RIO Rio Tinto Group	Reiterated Rating	GBX 4,686	GBX 6,000	Buy	N/A
12/11/2024	FAN Volution Group	Reiterated Rating	GBX 554	GBX 700	Buy	N/A
12/11/2024	FERG Ferguson	Boost Price Target	$178.00	$224.00 ➝ $240.00	Buy ➝ Buy	N/A
12/10/2024	HLCL Helical	Lower Price Target	GBX 171	GBX 278 ➝ GBX 270	Buy	N/A
12/10/2024	WTB Whitbread	Lower Price Target	GBX 2,914	GBX 4,000 ➝ GBX 3,900	Buy	N/A
12/10/2024	VSVS Vesuvius	Boost Price Target	GBX 411	GBX 530 ➝ GBX 580	Buy	N/A
12/10/2024	YCA Yellow Cake	Reiterated Rating	GBX 489	GBX 722	Buy	N/A
12/10/2024	BA BAE Systems	Reiterated Rating	GBX 1,156	GBX 1,440	Buy	N/A
12/9/2024	DSCV discoverIE Group	Reiterated Rating	GBX 711	GBX 950	Buy	N/A
12/9/2024	FGP FirstGroup	Reiterated Rating	GBX 164	GBX 205	Buy	N/A
12/5/2024	ENOG Energean	Downgrade	GBX 979	GBX 1,175 ➝ GBX 1,045	Hold	N/A
12/5/2024	GAMA Gamma Communications	Reiterated Rating	GBX 1,536	GBX 1,900	Buy	N/A
12/5/2024	DNLM Dunelm Group	Reiterated Rating	GBX 1,062	GBX 1,430	Buy	N/A
12/5/2024	ITM ITM Power	Reiterated Rating	GBX 35	GBX 59	Hold	N/A
12/5/2024	HLMA Halma	Boost Price Target	GBX 2,710	GBX 2,450 ➝ GBX 2,700	Hold	N/A
12/5/2024	LGEN Legal & General Group	Reiterated Rating	GBX 223	GBX 265	Buy	N/A
12/4/2024	GROW Molten Ventures	Reiterated Rating	GBX 314	GBX 580	Buy	N/A
12/4/2024	EVOK Evoke	Lower Price Target	GBX 61	GBX 130 ➝ GBX 90	Buy	N/A
12/4/2024	VCT Victrex	Lower Price Target	GBX 1,056	GBX 1,290 ➝ GBX 1,170	Hold	N/A
12/4/2024	BLND British Land	Lower Price Target	GBX 355	GBX 500 ➝ GBX 480	Buy	N/A
12/4/2024	LAND Land Securities Group	Lower Price Target	GBX 566	GBX 755 ➝ GBX 746	Buy	N/A
12/4/2024	MEGP ME Group International	Reiterated Rating	GBX 208	GBX 270	Buy	N/A
12/2/2024	FAN Volution Group	Reiterated Rating	GBX 554	GBX 700	Buy	N/A
11/29/2024	ATG Auction Technology Group	Reiterated Rating	GBX 553	GBX 710	Buy	N/A
11/29/2024	GRI Grainger	Reiterated Rating	GBX 224	GBX 299	Buy	N/A
11/29/2024	RS1 RS Group	Reiterated Rating	GBX 679	GBX 840	Hold	N/A
11/29/2024	GSK GSK	Lower Price Target	GBX 1,308	GBX 1,820 ➝ GBX 1,600	Buy	N/A
11/29/2024	BP BP	Lower Price Target	GBX 379	GBX 470 ➝ GBX 440	Hold	N/A
11/28/2024	BOWL Hollywood Bowl Group	Reiterated Rating	GBX 296	GBX 420	Buy	N/A
11/28/2024	JMAT Johnson Matthey	Lower Price Target	GBX 1,336	GBX 1,650 ➝ GBX 1,500	Hold	N/A
11/28/2024	ATM Andrada Mining	Reiterated Rating	GBX 2	GBX 11	Buy	N/A
11/28/2024	THS Tharisa	Reiterated Rating	GBX 64	GBX 120	Buy	N/A
11/28/2024	SAUHY Straumann	Upgrade	$13.00		Strong-Buy	N/A
11/27/2024	EQNR Equinor ASA	Upgrade	$22.00		Hold ➝ Strong-Buy	N/A
11/26/2024	GOLD Barrick Gold	Boost Price Target	$15.00	$37.00 ➝ $38.00		N/A
11/25/2024	DWL Dowlais Group	Reiterated Rating	GBX 65	GBX 62	Hold	N/A
11/22/2024	GLPEY Galp Energia, SGPS	Upgrade	$9.00		Strong-Buy	N/A
11/21/2024	NXR Norcros	Reiterated Rating	GBX 251	GBX 325	Buy	N/A
11/20/2024	LIO Liontrust Asset Management	Lower Price Target	GBX 457	GBX 215 ➝ GBX 195	Hold	N/A
11/19/2024	BNTX BioNTech	Initiated Coverage	$113.00	$130.00	Buy	N/A
11/19/2024	MRNA Moderna	Initiated Coverage	$39.00	$42.00	Hold	N/A
11/19/2024	BHP BHP Group	Reiterated Rating	GBX 1,960	GBX 2,000	Hold	N/A
11/19/2024	JDG Judges Scientific	Lower Price Target	GBX 8,580	£124 ➝ £113.10	Buy	N/A
11/14/2024	VWDRY Vestas Wind Systems A/S	Downgrade	$4.00		Strong-Buy ➝ Hold	N/A
11/13/2024	BAB Babcock International Group	Reiterated Rating	GBX 496	GBX 565	Hold	N/A
11/12/2024	OXIG Oxford Instruments	Lower Price Target	GBX 2,070	GBX 2,925 ➝ GBX 2,830	Buy	N/A
11/12/2024	DCC DCC	Reiterated Rating	GBX 5,160	GBX 7,020	Buy	N/A
11/11/2024	SSREY Swiss Re	Upgrade	$36.00		Strong-Buy	N/A
11/8/2024	RMV Rightmove	Reiterated Rating	GBX 656	GBX 775	Buy	N/A
11/8/2024	BUR Burford Capital	Reiterated Rating	GBX 1,033	GBX 1,600	Buy	N/A
11/7/2024	ENT Entain	Lower Price Target	GBX 708	GBX 1,030 ➝ GBX 1,010	Neutral	N/A
11/7/2024	WISE Wise	Reiterated Rating	GBX 1,036	GBX 1,045	Buy	N/A
11/7/2024	HWDN Howden Joinery Group	Reiterated Rating	GBX 790	GBX 975	Buy	N/A
11/7/2024	AUTO Auto Trader Group	Lower Price Target	GBX 787	GBX 880 ➝ GBX 830	Hold	N/A
11/7/2024	AZPN Aspen Technology	Downgrade	$251.00		Strong-Buy ➝ Hold	N/A
11/7/2024	TRN Trainline	Boost Price Target	GBX 429	GBX 475 ➝ GBX 490	Buy	N/A
11/7/2024	HTWS Helios Towers	Reiterated Rating	GBX 92	GBX 195	Buy	N/A
11/6/2024	SNN Smith & Nephew	Downgrade	$25.00		Buy ➝ Hold	N/A
11/6/2024	FMS Fresenius Medical Care	Initiated Coverage	$23.00	$25.60	Buy	N/A
11/6/2024	BMY Bloomsbury Publishing	Initiated Coverage	GBX 684	GBX 825	Buy	N/A
11/5/2024	SBGSY Schneider Electric S.E.	Downgrade	$50.00		Strong-Buy ➝ Hold	N/A
11/1/2024	PTC PTC	Downgrade	$188.00	$210.00 ➝ $196.00	Buy ➝ Hold	Medium
10/31/2024	ARKAY Arkema	Upgrade	$74.00		Hold ➝ Strong-Buy	Low
10/30/2024	LVMUY LVMH-Moet Hennessy Louis Vuitton	Upgrade	$131.00		Strong-Buy	N/A
10/30/2024	LVMUY LVMH Moët Hennessy - Louis Vuitton, Société Européenne	Upgrade	$131.00		Strong-Buy	Low
10/30/2024	PPRUY Kering	Upgrade	$24.00		Hold	Low
10/30/2024	SWGAY The Swatch Group	Upgrade	$9.00		Strong Sell	Low
10/29/2024	GRFS Grifols	Upgrade	$8.00		Strong-Buy	Low
10/28/2024	SCT Softcat	Reiterated Rating	GBX 1,524	GBX 1,600	Hold	N/A
10/25/2024	PINE Pinewood Technologies Group	Reiterated Rating	GBX 346	GBX 455	Buy	N/A
10/25/2024	INCH Inchcape	Reiterated Rating	GBX 774	GBX 1,120	Buy	N/A
10/25/2024	NGLOY Anglo American	Downgrade	$15.00		Hold ➝ Strong Sell	Low
10/25/2024	MURGY Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München	Downgrade	$10.00		Strong-Buy ➝ Hold	Medium
10/25/2024	GFM Griffin Mining	Reiterated Rating	GBX 146	GBX 190	Buy	N/A
10/24/2024	ESNT Essentra	Reiterated Rating	GBX 130	GBX 200	Buy	N/A
10/24/2024	AAL Anglo American	Reiterated Rating	GBX 2,328	GBX 2,100	Sell	N/A
10/24/2024	WTB Whitbread	Reiterated Rating	GBX 2,914	GBX 4,000	Buy	N/A
10/24/2024	TPK Travis Perkins	Boost Price Target	GBX 717	GBX 800 ➝ GBX 880	Hold	N/A
10/24/2024	FLTR Flutter Entertainment	Boost Price Target	£211.20	£188 ➝ £203	Buy	N/A
10/24/2024	AT Ashtead Technology	Boost Price Target	GBX 517	GBX 775 ➝ GBX 800	Buy	N/A
10/24/2024	FRES Fresnillo	Boost Price Target	GBX 638	GBX 620 ➝ GBX 720	Hold	N/A
10/24/2024	PBEE PensionBee Group	Reiterated Rating	GBX 149	GBX 210	Buy	N/A
10/23/2024	ICG Intermediate Capital Group	Initiated Coverage	GBX 2,050	GBX 2,600	Buy	N/A
10/23/2024	RKT Reckitt Benckiser Group	Lower Price Target	GBX 4,818	GBX 5,200 ➝ GBX 5,177	Hold	N/A
10/23/2024	ECOR Ecora Resources	Reiterated Rating	GBX 62	GBX 150	Buy	N/A
10/22/2024	CRST Crest Nicholson	Lower Price Target	GBX 168	GBX 280 ➝ GBX 215	Hold	N/A
10/22/2024	HTG Hunting	Lower Price Target	GBX 293	GBX 520 ➝ GBX 460	Buy	N/A
10/21/2024	OXINF Oxford Instruments	Upgrade	$26.00		Strong-Buy	Low
10/18/2024	GMRE Global Medical REIT	Initiated Coverage	$8.00	$11.75	Buy	Medium