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
6/19/2026	MNO Maestrano Group	Reiterated Rating	GBX 91	GBX 168 ➝ GBX 168	Buy
6/19/2026	XPS XPS Pensions Group	Reiterated Rating	GBX 320	GBX 440 ➝ GBX 440	Buy
6/18/2026	NGLOY Anglo American	Set Price Target	$26.00	$28.00	Buy ➝ Hold
6/18/2026	CAML Central Asia Metals	Reiterated Rating	GBX 134	GBX 190 ➝ GBX 190	Buy
6/18/2026	WIX Wickes Group	Reiterated Rating	GBX 178	GBX 265 ➝ GBX 265	Buy
6/18/2026	WKP Workspace Group	Boost Price Target	GBX 346	GBX 401 ➝ GBX 427	Buy
6/18/2026	SDLF Standard Life	Boost Price Target	GBX 805	GBX 918 ➝ GBX 975	Buy
6/18/2026	AAL Anglo American	Reiterated Rating	GBX 3,892	GBX 4,200 ➝ GBX 4,200	Hold
6/18/2026	VALT Valt Technology Services	Boost Price Target	GBX 5,380	GBX 6,400 ➝ GBX 7,100	Buy
6/17/2026	CTSH Cognizant Technology Solutions	Set Price Target	$44.00	$59.00	Buy ➝ Hold
6/17/2026	ACN Accenture	Set Price Target	$127.00	$220.00
6/17/2026	ZLDPF Zealand Pharma A/S	Downgrade	$45.00		Strong-Buy ➝ Hold
6/17/2026	SNWS Smiths News	Reiterated Rating	GBX 71	GBX 85 ➝ GBX 85	Buy
6/17/2026	LMP LondonMetric Property	Lower Price Target	GBX 182	GBX 282 ➝ GBX 252	Buy
6/16/2026	EVOK Evoke	Boost Price Target	GBX 47	GBX 33 ➝ GBX 52	Hold
6/16/2026	SMWH WH Smith	Lower Price Target	GBX 412	GBX 574 ➝ GBX 420	Hold
6/16/2026	FSJ James Fisher and Sons	Boost Price Target	GBX 471	GBX 790 ➝ GBX 850	Buy
6/16/2026	FEVR Fevertree Drinks	Reiterated Rating	GBX 818	GBX 780 ➝ GBX 780	Hold
6/16/2026	BRBY Burberry Group	Reiterated Rating	GBX 1,125	GBX 1,080 ➝ GBX 1,080	Hold
6/16/2026	ZEG Zegona Communications	Reiterated Rating	GBX 1,660	GBX 2,300 ➝ GBX 2,300	Buy
6/15/2026	SMWH WH Smith	Lower Price Target	GBX 412	GBX 574 ➝ GBX 420	Hold
6/15/2026	BRBY Burberry Group	Reiterated Rating	GBX 1,125	GBX 1,080 ➝ GBX 1,080	Hold
6/15/2026	ZEG Zegona Communications	Reiterated Rating	GBX 1,660	GBX 2,300 ➝ GBX 2,300	Buy
6/12/2026	TLSNY TeliaSonera	Downgrade	$10.00		Hold ➝ Strong Sell
6/12/2026	RYCEY Rolls-Royce Holdings PLC	Upgrade	$19.00		Hold ➝ Buy
6/12/2026	VIP Value and Indexed Property Income	Reiterated Rating	GBX 202	GBX 199 ➝ GBX 199	Hold
6/12/2026	YCA Yellow Cake	Reiterated Rating	GBX 544	GBX 737 ➝ GBX 737	Buy
6/12/2026	AV Aviva	Reiterated Rating	GBX 634	GBX 800 ➝ GBX 800	Buy
6/12/2026	RR Rolls-Royce Holdings plc	Boost Price Target	GBX 1,410	GBX 1,270 ➝ GBX 1,430	Buy
6/11/2026	RWS RWS	Reiterated Rating	GBX 76	GBX 170 ➝ GBX 170	Buy
6/11/2026	GNC Greencore Group	Reiterated Rating	GBX 196	GBX 351 ➝ GBX 351	Buy
6/11/2026	GLE MJ Gleeson	Lower Price Target	GBX 238	GBX 345 ➝ GBX 310	Buy
6/11/2026	NXR Norcros	Reiterated Rating	GBX 305	GBX 440 ➝ GBX 440	Buy
6/11/2026	FSG Foresight Group	Reiterated Rating	GBX 420	GBX 560 ➝ GBX 560	Buy
6/11/2026	WISE Wise	Reiterated Rating	GBX 824		Buy
6/11/2026	BWY Bellway	Lower Price Target	GBX 1,849	GBX 2,800 ➝ GBX 2,100	Hold
6/10/2026	NTR Nutrien	Set Price Target	$63.00	$65.00	Buy ➝ Hold
6/10/2026	NTR Nutrien	Downgrade	C$89.00		Strong-Buy ➝ Hold
6/10/2026	TIN LON:TIN	Reiterated Rating	GBX 118	GBX 150 ➝ GBX 150	Buy
6/10/2026	BREE Breedon Group	Reiterated Rating	GBX 305	GBX 465 ➝ GBX 465	Buy
6/10/2026	WKP Workspace Group	Reiterated Rating	GBX 346	GBX 401 ➝ GBX 401	Buy
6/10/2026	VP VP	Reiterated Rating	GBX 504	GBX 600 ➝ GBX 600	Buy
6/10/2026	FDEV Frontier Developments	Reiterated Rating	GBX 416	GBX 600 ➝ GBX 600	Buy
6/10/2026	DCC DCC	Boost Price Target	GBX 6,163	GBX 6,300 ➝ GBX 6,700	Buy
6/9/2026	WPP WPP	Initiated Coverage	$18.00		Buy
6/9/2026	PUBGY Publicis Groupe	Upgrade	$26.00		Strong-Buy
6/9/2026	LBG LBG Media	Lower Price Target	GBX 28	GBX 90 ➝ GBX 45	Buy
6/9/2026	MVCT Molten Ventures VCT	Boost Price Target	GBX 38	GBX 645 ➝ GBX 790	Buy
6/9/2026	COST Costain Group	Reiterated Rating	GBX 204	GBX 240 ➝ GBX 240	Buy
6/9/2026	WPP WPP	Reiterated Rating	GBX 272	GBX 405 ➝ GBX 405	Buy
6/9/2026	APN APN Resources	Boost Price Target	GBX 298	GBX 290 ➝ GBX 340	Buy
6/9/2026	VCT Victrex	Lower Price Target	GBX 613	GBX 695 ➝ GBX 600	Hold
6/8/2026	SHW Sherwin-Williams	Set Price Target	$321.00	$380.00
6/5/2026	CRWD CrowdStrike	Set Price Target	$685.00	$720.00	Buy ➝ Hold
6/5/2026	RSG Resolute Mining	Lower Price Target	GBX 59	GBX 109 ➝ GBX 107	Buy
6/5/2026	BUD Anheuser-Busch InBev SA/NV	Reiterated Rating	$81.00		Buy
6/5/2026	COA Coats Group	Reiterated Rating	GBX 78	GBX 135 ➝ GBX 135	Buy
6/5/2026	MTO Mitie Group	Boost Price Target	GBX 152	GBX 210 ➝ GBX 215	Buy
6/5/2026	DSCV discoverIE Group	Boost Price Target	GBX 723	GBX 950 ➝ GBX 1,050	Buy
6/5/2026	AAL Anglo American	Boost Price Target	GBX 3,892	GBX 4,000 ➝ GBX 4,200	Buy
6/4/2026	GBG GB Group	Lower Price Target	GBX 190	GBX 290 ➝ GBX 260	Buy
6/4/2026	ICG Intermediate Capital Group	Lower Price Target	GBX 1,716	GBX 2,800 ➝ GBX 2,670	Buy
6/4/2026	EDV Endeavour Mining	Boost Price Target	GBX 4,055	GBX 5,100 ➝ GBX 6,000	Outperform
6/4/2026	RIO Rio Tinto Group	Reiterated Rating	GBX 7,433	GBX 6,600 ➝ GBX 6,600	Hold
6/3/2026	CURY Currys	Reiterated Rating	GBX 151	GBX 210 ➝ GBX 210	Buy
6/3/2026	CAML Central Asia Metals	Reiterated Rating	GBX 134	GBX 190 ➝ GBX 190	Hold
6/3/2026	PANW Palo Alto Networks	Boost Price Target	$288.00	$290.00 ➝ $360.00	Buy ➝ Buy
6/3/2026	ENT Entain	Reiterated Rating	GBX 550	GBX 1,200 ➝ GBX 1,200	Buy
6/3/2026	RS1 RS Group	Reiterated Rating	GBX 616	GBX 600 ➝ GBX 600	Hold
6/3/2026	HWDN Howden Joinery Group	Reiterated Rating	GBX 812	GBX 1,000 ➝ GBX 1,000	Buy
6/2/2026	VMC Vulcan Materials	Set Price Target	$304.00	$283.00	Hold
6/2/2026	MLM Martin Marietta Materials	Set Price Target	$609.00	$556.00	Hold
6/2/2026	NRR NewRiver REIT	Reiterated Rating	GBX 74	GBX 98 ➝ GBX 98	Buy
6/2/2026	ALB Albemarle	Boost Price Target	$160.00	$153.00 ➝ $192.00	Hold
6/2/2026	SQZ Serica Energy	Reiterated Rating	GBX 243	GBX 350 ➝ GBX 350	Buy
6/2/2026	BLND British Land	Boost Price Target	GBX 402	GBX 531 ➝ GBX 534	Buy
6/1/2026	SBGSY Schneider Electric	Upgrade	$67.00		Strong-Buy
6/1/2026	SRE Sirius Real Estate	Reiterated Rating	GBX 98	GBX 134 ➝ GBX 134	Buy
6/1/2026	TIN LON:TIN	Reiterated Rating	GBX 118	GBX 150 ➝ GBX 150	Buy
6/1/2026	ABBNY ABB	Upgrade	$108.00		Hold
6/1/2026	PAF Pan African Resources	Lower Price Target	GBX 106	GBX 165 ➝ GBX 153	Buy
6/1/2026	CER Cerillion	Reiterated Rating	GBX 1,200	GBX 2,015 ➝ GBX 2,015	Buy
6/1/2026	JMAT Johnson Matthey	Boost Price Target	GBX 2,146	GBX 2,100 ➝ GBX 2,300	Buy
6/1/2026	WTB Whitbread	Lower Price Target	GBX 2,379	GBX 2,900 ➝ GBX 2,280	Hold
5/29/2026	OKTA Okta	Boost Price Target	$118.00	$120.00 ➝ $135.00	Buy ➝ Buy
5/29/2026	CWR Ceres Power	Boost Price Target	GBX 616	GBX 530 ➝ GBX 980	Buy
5/28/2026	ZS Zscaler	Set Price Target	$125.00	$200.00
5/28/2026	AVVIY Aviva	Upgrade	$17.00		Strong-Buy
5/28/2026	LRLCY L'Oreal	Upgrade	$89.00		Hold ➝ Buy
5/28/2026	CF CF Industries	Boost Price Target	$103.00	$86.00 ➝ $106.00	Hold ➝ Hold
5/28/2026	ZTF Zotefoams	Reiterated Rating	GBX 448	GBX 590 ➝ GBX 590	Buy
5/28/2026	AV Aviva	Reiterated Rating	GBX 634	GBX 800 ➝ GBX 800	Buy
5/27/2026	PANW Palo Alto Networks	Set Price Target	$288.00	$290.00
5/27/2026	SNPS Synopsys	Set Price Target	$456.00	$633.00
5/27/2026	PTC PTC	Set Price Target	$115.00	$170.00
5/27/2026	CDNS Cadence Design Systems	Set Price Target	$387.00	$440.00
5/27/2026	GRI Grainger	Lower Price Target	GBX 165	GBX 285 ➝ GBX 227	Buy
5/27/2026	KGF Kingfisher	Reiterated Rating	GBX 284	GBX 295 ➝ GBX 295	Hold
5/27/2026	BOWL Hollywood Bowl Group	Boost Price Target	GBX 284	GBX 440 ➝ GBX 450	Buy
5/27/2026	TATE Tate & Lyle	Boost Price Target	GBX 552	GBX 464 ➝ GBX 554	Hold