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
11/19/2024	BNTX BioNTech	Initiated Coverage	$102.00	$130.00	Buy	N/A
11/19/2024	MRNA Moderna	Initiated Coverage	$37.00	$42.00	Hold	N/A
11/19/2024	BHP BHP Group	Reiterated Rating	GBX 2,060	GBX 2,000	Hold	N/A
11/19/2024	JDG Judges Scientific	Lower Price Target	GBX 9,044	£124 ➝ £113.10	Buy	N/A
11/14/2024	VWDRY Vestas Wind Systems A/S	Downgrade	$5.00		Strong-Buy ➝ Hold	N/A
11/13/2024	BAB Babcock International Group	Reiterated Rating	GBX 520	GBX 565	Hold	N/A
11/12/2024	OXIG Oxford Instruments	Lower Price Target	GBX 1,950	GBX 2,925 ➝ GBX 2,830	Buy	N/A
11/12/2024	DCC DCC	Reiterated Rating	GBX 5,620	GBX 7,020	Buy	N/A
11/11/2024	SSREY Swiss Re	Upgrade	$35.00		Strong-Buy	N/A
11/8/2024	RMV Rightmove	Reiterated Rating	GBX 608	GBX 775	Buy	N/A
11/8/2024	BUR Burford Capital	Reiterated Rating	GBX 1,057	GBX 1,600	Buy	N/A
11/7/2024	ENT Entain	Lower Price Target	GBX 735	GBX 1,030 ➝ GBX 1,010	Neutral	N/A
11/7/2024	WISE Wise	Reiterated Rating	GBX 844	GBX 1,045	Buy	N/A
11/7/2024	HWDN Howden Joinery Group	Reiterated Rating	GBX 804	GBX 975	Buy	N/A
11/7/2024	AUTO Auto Trader Group	Lower Price Target	GBX 802	GBX 880 ➝ GBX 830	Hold	N/A
11/7/2024	AZPN Aspen Technology	Downgrade	$245.00		Strong-Buy ➝ Hold	N/A
11/7/2024	HTWS Helios Towers	Reiterated Rating	GBX 99	GBX 195	Buy	N/A
11/7/2024	TRN Trainline	Boost Price Target	GBX 404	GBX 475 ➝ GBX 490	Buy	N/A
11/6/2024	BMY Bloomsbury Publishing	Initiated Coverage	GBX 654	GBX 825	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	$22.00	$25.60	Buy	N/A
11/5/2024	SBGSY Schneider Electric S.E.	Downgrade	$51.00		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	$81.00		Hold ➝ Strong-Buy	Low
10/30/2024	LVMUY LVMH-Moet Hennessy Louis Vuitton	Upgrade	$122.00		Strong-Buy	N/A
10/30/2024	LVMUY LVMH Moët Hennessy - Louis Vuitton, Société Européenne	Upgrade	$122.00		Strong-Buy	Low
10/30/2024	PPRUY Kering	Upgrade	$23.00		Hold	Low
10/30/2024	SWGAY The Swatch Group	Upgrade	$9.00		Strong Sell	Low
10/29/2024	GRFS Grifols	Upgrade	$9.00		Strong-Buy	Low
10/28/2024	SCT Softcat	Reiterated Rating	GBX 1,590	GBX 1,600	Hold	N/A
10/25/2024	PINE Pinewood Technologies Group	Reiterated Rating	GBX 326	GBX 455	Buy	N/A
10/25/2024	INCH Inchcape	Reiterated Rating	GBX 740	GBX 1,120	Buy	N/A
10/25/2024	NGLOY Anglo American	Downgrade	$15.00		Hold ➝ Strong Sell	Low
10/25/2024	GFM Griffin Mining	Reiterated Rating	GBX 140	GBX 190	Buy	N/A
10/25/2024	MURGY Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München	Downgrade	$10.00		Strong-Buy ➝ Hold	Medium
10/24/2024	PBEE PensionBee Group	Reiterated Rating	GBX 149	GBX 210	Buy	N/A
10/24/2024	AT Ashtead Technology	Boost Price Target	GBX 495	GBX 775 ➝ GBX 800	Buy	N/A
10/24/2024	FLTR Flutter Entertainment	Boost Price Target	£207.80	£188 ➝ £203	Buy	N/A
10/24/2024	TPK Travis Perkins	Boost Price Target	GBX 771	GBX 800 ➝ GBX 880	Hold	N/A
10/24/2024	WTB Whitbread	Reiterated Rating	GBX 2,881	GBX 4,000	Buy	N/A
10/24/2024	AAL Anglo American	Reiterated Rating	GBX 2,353	GBX 2,100	Sell	N/A
10/24/2024	FRES Fresnillo	Boost Price Target	GBX 654	GBX 620 ➝ GBX 720	Hold	N/A
10/24/2024	ESNT Essentra	Reiterated Rating	GBX 148	GBX 200	Buy	N/A
10/23/2024	ICG Intermediate Capital Group	Initiated Coverage	GBX 2,048	GBX 2,600	Buy	N/A
10/23/2024	RKT Reckitt Benckiser Group	Lower Price Target	GBX 4,761	GBX 5,200 ➝ GBX 5,177	Hold	N/A
10/23/2024	ECOR Ecora Resources	Reiterated Rating	GBX 64	GBX 150	Buy	N/A
10/22/2024	CRST Crest Nicholson	Lower Price Target	GBX 153	GBX 280 ➝ GBX 215	Hold	N/A
10/22/2024	HTG Hunting	Lower Price Target	GBX 298	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	$9.00	$11.75	Buy	Medium
10/18/2024	OHI Omega Healthcare Investors	Initiated Coverage	$40.00	$45.00	Buy	High
10/16/2024	HCHDF Hochschild Mining	Downgrade	$3.00		Strong-Buy ➝ Hold	High
10/16/2024	SSPG SSP Group	Reiterated Rating	GBX 154	GBX 180	Hold	N/A
10/16/2024	HOC Hochschild Mining	Reiterated Rating	GBX 227	GBX 200	Hold	N/A
10/15/2024	DSCV discoverIE Group	Reiterated Rating	GBX 662	GBX 950	Buy	N/A
10/15/2024	BYIT Bytes Technology Group	Reiterated Rating	GBX 429	GBX 640	Buy	N/A
10/15/2024	SMWH WH Smith	Reiterated Rating	GBX 1,265	GBX 1,600	Buy	N/A
10/15/2024	OTB On the Beach Group	Reiterated Rating	GBX 159	GBX 180	Buy	N/A
10/15/2024	IHP IntegraFin	Reiterated Rating	GBX 377	GBX 400	Buy	N/A
10/15/2024	RIO Rio Tinto Group	Reiterated Rating	GBX 4,922	GBX 6,200	Buy	N/A
10/15/2024	BWY Bellway	Boost Price Target	GBX 2,433	GBX 2,900 ➝ GBX 3,200	Hold	N/A
10/15/2024	CDNS Cadence Design Systems	Initiated Coverage	$304.00	$320.00	Buy	High
10/15/2024	SNPS Synopsys	Initiated Coverage	$542.00	$660.00	Buy	High
10/15/2024	DAL Dalata Hotel Group	Reiterated Rating	GBX 382	GBX 480	Buy	N/A
10/15/2024	VCP Victoria	Lower Price Target	GBX 53	GBX 300 ➝ GBX 170	Buy	N/A
10/14/2024	ATYM Atalaya Mining	Lower Price Target	GBX 354	GBX 480 ➝ GBX 460	Hold	N/A
10/14/2024	NG National Grid	Lower Price Target	GBX 988	GBX 1,150 ➝ GBX 1,070	Hold	N/A
10/14/2024	AHT Ashtead Group	Reiterated Rating	GBX 6,156	GBX 7,000	Buy	N/A
10/8/2024	IPX Impax Asset Management Group	Lower Price Target	GBX 330	GBX 620 ➝ GBX 560	Buy	N/A
10/7/2024	LORD Lords Group Trading	Reiterated Rating	GBX 36	GBX 90	Buy	N/A
10/7/2024	WPM Wheaton Precious Metals	Reiterated Rating	GBX 4,956	GBX 5,200	Buy	N/A
10/7/2024	YCA Yellow Cake	Reiterated Rating	GBX 570	GBX 722	Buy	N/A
10/7/2024	ERFSF Eurofins Scientific	Upgrade	$47.00		Strong-Buy	Low
10/4/2024	KNOS Kainos Group	Reiterated Rating	GBX 814	GBX 1,415	Buy	N/A
10/4/2024	VP VP	Reiterated Rating	GBX 595	GBX 950	Buy	N/A
10/4/2024	SCRYY Scor	Upgrade	$3.00		Strong-Buy	Low
10/4/2024	VONOY Vonovia	Upgrade	$15.00		Strong-Buy	Low
10/3/2024	LABS Life Science REIT	Reiterated Rating	GBX 40	GBX 57	Buy	N/A
10/2/2024	RIO Rio Tinto Group	Upgrade	$62.00		Hold ➝ Buy	Low
10/2/2024	ASMIY ASM International	Upgrade	$521.00		Strong-Buy	Low
10/2/2024	ASML ASML	Upgrade	$658.00		Strong-Buy	Low
9/26/2024	ADT1 Adriatic Metals	Reiterated Rating	GBX 208	GBX 230	Buy	N/A
9/26/2024	AGL ANGLE	Reiterated Rating	GBX 12	GBX 70	Buy	N/A
9/25/2024	SAAS Microlise Group	Reiterated Rating	GBX 107	GBX 210	Buy	N/A
9/25/2024	SPX Spirax-Sarco Engineering	Reiterated Rating	GBX 6,465	GBX 8,150	Hold	N/A
9/24/2024	ESNT Essentra	Lower Price Target	GBX 148	GBX 255 ➝ GBX 200	Buy	N/A
9/24/2024	NVZMY Novozymes A/S	Upgrade	$57.00		Strong-Buy	Low
9/19/2024	AT Ashtead Technology	Reiterated Rating	GBX 495	GBX 775	Buy	N/A
9/19/2024	JDG Judges Scientific	Reiterated Rating	GBX 9,044	£124	Buy	N/A
9/19/2024	ASHTY Ashtead Group	Upgrade	$316.00		Strong-Buy	Low
9/19/2024	DTEGY Deutsche Telekom	Upgrade	$30.00		Strong-Buy	Low
9/19/2024	MHGVY Mowi ASA	Upgrade	$18.00		Hold	Medium
9/18/2024	GLE MJ Gleeson	Reiterated Rating	GBX 516	GBX 643	Buy	N/A
9/18/2024	AHT Ashtead Group	Initiated Coverage	GBX 6,156	GBX 7,000	Buy	N/A
9/18/2024	LBG LBG Media	Boost Price Target	GBX 132	GBX 140 ➝ GBX 170	Buy	N/A
9/18/2024	PHLL Petershill Partners	Reiterated Rating	GBX 254	GBX 235	Buy	N/A
9/18/2024	PHP Primary Health Properties	Boost Price Target	GBX 93	GBX 103 ➝ GBX 110	Buy	N/A
9/18/2024	AMS Advanced Medical Solutions Group	Reiterated Rating	GBX 199	GBX 300	Buy	N/A
9/17/2024	YCA Yellow Cake	Reiterated Rating	GBX 570	GBX 722	Buy	N/A
9/17/2024	TM17 Team17 Group	Reiterated Rating	GBX 205	GBX 490	Buy	N/A