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
11/2/2026	MICC Millicom International Cellular	Boost Price Target	GBX 1,501	GBX 1,250 ➝ GBX 1,350	Hold
11/2/2026	HLN Haleon	Lower Price Target	GBX 320	GBX 514 ➝ GBX 365	Buy
11/2/2026	KIST Kistos	Reiterated Rating	GBX 310	GBX 420	Buy
11/2/2026	EVOK Evoke	Reiterated Rating	GBX 47	GBX 52	Hold
11/2/2026	VCP Victoria	Reiterated Rating	GBX 41	GBX 100	Buy
11/2/2026	JD JD Sports Fashion	Reiterated Rating	GBX 92	GBX 150	Buy
11/2/2026	ULVR Unilever	Boost Price Target	GBX 4,892	GBX 5,050 ➝ GBX 5,080	Hold
11/2/2026	RKT Reckitt Benckiser Group	Boost Price Target	GBX 5,432	GBX 5,352 ➝ GBX 5,382	Hold
11/2/2026	NWG NatWest Group	Lower Price Target	GBX 582	GBX 880 ➝ GBX 850	Buy
11/2/2026	BP BP	Boost Price Target	GBX 627	GBX 715 ➝ GBX 720	Buy
10/30/2026	YCA Yellow Cake	Reiterated Rating	GBX 534	GBX 734	Buy
10/30/2026	GLEN Glencore	Reiterated Rating	GBX 520	GBX 780	Buy
10/30/2026	SLP Sylvania Platinum	Lower Price Target	GBX 83	GBX 159 ➝ GBX 148	Buy
10/30/2026	CAML Central Asia Metals	Lower Price Target	GBX 129	GBX 190 ➝ GBX 150	Hold
10/30/2026	STJ St. James's Place	Reiterated Rating	GBX 1,072	GBX 1,945	Buy
10/30/2026	FTC Filtronic	Reiterated Rating	GBX 238	GBX 440	Buy
10/30/2026	WPP WPP	Boost Price Target	GBX 398	GBX 470 ➝ GBX 480	Buy
10/30/2026	LLOY Lloyds Banking Group	Lower Price Target	GBX 95	GBX 121 ➝ GBX 117	Hold
10/29/2026	RSG Resolute Mining	Reiterated Rating	GBX 58	GBX 94	Buy
10/29/2026	VANQ Vanquis Banking Group	Lower Price Target	GBX 45	GBX 145 ➝ GBX 80	Buy
10/29/2026	ENT Entain	Reiterated Rating	GBX 473	GBX 1,000	Buy
10/29/2026	HTG Hunting	Reiterated Rating	GBX 378	GBX 470	Buy
10/29/2026	UKW Greencoat UK Wind	Reiterated Rating	GBX 119		Buy
10/29/2026	ULVR Unilever	Reiterated Rating	GBX 4,892	GBX 4,000	Underperform
10/29/2026	WTB Whitbread	Reiterated Rating	GBX 2,781	GBX 2,250	Hold
10/29/2026	PPH PPHE Hotel Group	Reiterated Rating	GBX 1,578	GBX 1,960	Buy
10/28/2026	LBG LBG Media	Reiterated Rating	GBX 32	GBX 50	Buy
10/28/2026	MCB McBride	Reiterated Rating	GBX 169	GBX 275	Buy
10/28/2026	HTG Hunting	Reiterated Rating	GBX 378	GBX 550	Buy
10/28/2026	JMAT Johnson Matthey	Boost Price Target	GBX 2,402	GBX 2,300 ➝ GBX 2,550	Buy
10/28/2026	JMPLY Johnson Matthey	Downgrade	$64.00		Strong-Buy ➝ Hold
10/27/2026	RWS RWS	Reiterated Rating	GBX 143	GBX 190	Buy
10/27/2026	XAR Xaar	Boost Price Target	GBX 149	GBX 140 ➝ GBX 190	Buy
10/27/2026	CCC Computacenter	Boost Price Target	GBX 4,968	GBX 6,500 ➝ GBX 6,750	Buy
10/27/2026	LUCE Luceco	Reiterated Rating	GBX 200	GBX 300	Buy
10/27/2026	BME B&M European Value Retail	Boost Price Target	GBX 282	GBX 290 ➝ GBX 340	Buy
10/27/2026	SUS S&U	Reiterated Rating	GBX 1,900	GBX 2,310	Buy
10/26/2026	VALT Valt Technology Services	Lower Price Target	GBX 4,890	GBX 7,400 ➝ GBX 7,300	Buy
10/26/2026	ACG ACG Acquisition	Boost Price Target	GBX 1,450	GBX 2,300 ➝ GBX 2,400	Buy
10/26/2026	PHP Primary Health Properties	Lower Price Target	GBX 95	GBX 133 ➝ GBX 131	Buy
10/26/2026	PRU Prudential	Reiterated Rating	GBX 919	GBX 1,445	Buy
10/26/2026	GROW Molten Ventures	Boost Price Target	GBX 674	GBX 700 ➝ GBX 790	Buy
10/23/2026	ESNT Essentra	Reiterated Rating	GBX 114	GBX 140	Buy
10/23/2026	WIL Wilmington	Reiterated Rating	GBX 279	GBX 485	Buy
10/23/2026	BARC Barclays	Reiterated Rating	GBX 416	GBX 620	Buy
10/23/2026	GBG GB Group	Lower Price Target	GBX 161	GBX 190 ➝ GBX 175	Hold
10/23/2026	AJB AJ Bell	Lower Price Target	GBX 582	GBX 590 ➝ GBX 580	Hold
10/23/2026	GEN Genuit Group	Lower Price Target	GBX 270	GBX 370 ➝ GBX 320	Buy
10/23/2026	HESAY Hermes International	Downgrade	$144.00		Strong-Buy ➝ Hold
10/22/2026	QLT Quilter	Reiterated Rating	GBX 185	GBX 220	Buy
10/22/2026	DOM Domino's Pizza Group	Reiterated Rating	GBX 231	GBX 291	Buy
10/22/2026	FRES Fresnillo	Reiterated Rating	GBX 2,259	GBX 2,800	Hold
10/22/2026	HOC Hochschild Mining	Lower Price Target	GBX 431	GBX 800 ➝ GBX 790	Buy
10/22/2026	BMY Bloomsbury Publishing	Reiterated Rating	GBX 652	GBX 825	Buy
10/22/2026	INCH Inchcape	Lower Price Target	GBX 628	GBX 1,170 ➝ GBX 970	Buy
10/22/2026	RS1 RS Group	Boost Price Target	GBX 786	GBX 650 ➝ GBX 900	Buy
10/21/2026	WIX Wickes Group	Reiterated Rating	GBX 239	GBX 265	Buy
10/21/2026	LIO Liontrust Asset Management	Reiterated Rating	GBX 276	GBX 390	Buy
10/21/2026	WTB Whitbread	Boost Price Target	GBX 2,781	GBX 2,280 ➝ GBX 2,400	Hold
10/21/2026	BHP BHP Group	Reiterated Rating	GBX 2,965	GBX 3,500	Hold
10/21/2026	AAL Anglo American	Reiterated Rating	GBX 3,746	GBX 4,300	Hold
10/21/2026	RBW Rainbow Rare Earths	Reiterated Rating	GBX 20	GBX 52	Buy
10/21/2026	SRC SigmaRoc	Reiterated Rating	GBX 126	GBX 130	Hold
10/21/2026	ENT Entain	Lower Price Target	GBX 473	GBX 1,145 ➝ GBX 1,090	Buy
10/21/2026	XPP XP Power	Boost Price Target	GBX 1,710	GBX 2,120 ➝ GBX 2,400	Buy
10/21/2026	ECOR Ecora Resources	Reiterated Rating	GBX 137	GBX 180	Buy
10/21/2026	BP BP	Boost Price Target	GBX 627	GBX 650 ➝ GBX 715	Buy
10/20/2026	TRI Trifast	Reiterated Rating	GBX 83	GBX 140	Buy
10/20/2026	VLX Volex	Boost Price Target	GBX 558	GBX 700 ➝ GBX 750	Buy
10/20/2026	SBRE Sabre Insurance Group	Reiterated Rating	GBX 172	GBX 205	Buy
10/20/2026	MNG M&G	Reiterated Rating	GBX 319	GBX 370	Buy
10/19/2026	AV Aviva	Reiterated Rating	GBX 734	GBX 820	Buy
10/19/2026	BBY Balfour Beatty	Reiterated Rating	GBX 858	GBX 1,070	Buy
10/19/2026	KIST Kistos	Reiterated Rating	GBX 310	GBX 420	Buy
10/16/2026	BPT Bridgepoint Group	Boost Price Target	GBX 413	GBX 360 ➝ GBX 455	Buy
10/16/2026	XPS XPS Pensions Group	Reiterated Rating	GBX 346	GBX 440	Buy
10/16/2026	SCT Softcat	Reiterated Rating	GBX 1,623	GBX 2,400	Buy
10/16/2026	JUP Jupiter Fund Management	Boost Price Target	GBX 173	GBX 187 ➝ GBX 200	Buy
10/16/2026	ATYM Atalaya Mining	Reiterated Rating	GBX 839	GBX 1,260	Buy
10/16/2026	WKP Workspace Group	Lower Price Target	GBX 351	GBX 427 ➝ GBX 418	Buy
10/16/2026	ANTO Antofagasta	Lower Price Target	GBX 3,170	GBX 4,600 ➝ GBX 4,500	Buy
10/15/2026	VIC Victorian Plumbing Group	Boost Price Target	GBX 82	GBX 115 ➝ GBX 125	Buy
10/15/2026	BYIT Bytes Technology Group	Reiterated Rating	GBX 454	GBX 520	Buy
10/15/2026	TAM Tatton Asset Management	Reiterated Rating	GBX 673	GBX 820	Buy
10/15/2026	NXR Norcros	Reiterated Rating	GBX 302	GBX 440	Buy
10/15/2026	BRK Brooks Macdonald Group	Reiterated Rating	GBX 1,475	GBX 1,780	Buy
10/15/2026	PRV Porvair	Lower Price Target	GBX 848	GBX 1,050 ➝ GBX 1,000	Buy
10/15/2026	KMR Kenmare Resources	Lower Price Target	GBX 237	GBX 180 ➝ GBX 160	Hold
10/15/2026	KLR Keller Group	Reiterated Rating	GBX 3,196	GBX 3,450	Buy
10/15/2026	CHG Chemring Group	Lower Price Target	GBX 572	GBX 660 ➝ GBX 650	Buy
10/15/2026	DSCV discoverIE Group	Boost Price Target	GBX 836	GBX 1,050 ➝ GBX 1,100	Buy
10/15/2026	RIO Rio Tinto Group	Reiterated Rating	GBX 6,142	GBX 8,700	Buy
10/14/2026	IHP IntegraFin	Reiterated Rating	GBX 379	GBX 460	Buy
10/14/2026	ZTF Zotefoams	Reiterated Rating	GBX 480	GBX 590	Buy
10/14/2026	OXIG Oxford Instruments	Lower Price Target	GBX 2,560	GBX 3,000 ➝ GBX 2,840	Hold
10/14/2026	GNC Greencore Group	Boost Price Target	GBX 299	GBX 351 ➝ GBX 384	Buy
10/14/2026	BWY Bellway	Lower Price Target	GBX 2,244	GBX 2,550 ➝ GBX 2,450	Buy
10/14/2026	LAND Land Securities Group	Lower Price Target	GBX 678	GBX 931 ➝ GBX 863	Buy
10/13/2026	MICC Millicom International Cellular	Lower Price Target	GBX 1,501	GBX 1,280 ➝ GBX 1,250	Hold
10/13/2026	THS Tharisa	Reiterated Rating	GBX 102	GBX 230	Buy