Liberum Capital Stock Recommendations and Price Targets

This is a list of recent ratings by Liberum Capital.

Date	Company Name	Action	Current Price	Price Target	Rating
11/18/2025	BYG Big Yellow Group	Reiterated Rating	GBX 1,070	GBX 1,385	Buy
11/18/2025	PLUS Plus500	Reiterated Rating	GBX 3,438	GBX 3,750	Buy
10/10/2025	ZPHR Zephyr Energy	Boost Price Target	GBX 2	GBX 10.30 ➝ GBX 11.20	Buy
10/10/2025	HSW Hostelworld Group	Reiterated Rating	GBX 125	GBX 200	Buy
10/10/2025	NFG Next 15 Group	Boost Price Target	GBX 283	GBX 344 ➝ GBX 479	Buy
9/9/2025	PEBB The Pebble Group	Reiterated Rating	GBX 47	GBX 95	Buy
8/11/2025	PLUS Plus500	Boost Price Target	GBX 3,438	GBX 3,650 ➝ GBX 3,750	Buy
7/24/2025	SCT Softcat	Upgrade	GBX 1,493	GBX 1,800	Buy
7/21/2025	PEBB The Pebble Group	Reiterated Rating	GBX 47	GBX 95	Buy
3/5/2024	BHP BHP Group	Reiterated Rating	$59.00		Buy ➝ Hold
3/5/2024	RIO Rio Tinto	Reiterated Rating	$74.00		Buy ➝ Hold
12/1/2023	RIO Rio Tinto	Upgrade	$74.00		Hold ➝ Buy
11/15/2023	LZM Lifezone Metals	Initiated Coverage	$4.00	$17.50	Buy
10/12/2023	RSTGF The Restaurant Group	Downgrade	$1.00		Buy ➝ Hold
10/4/2023	ALLIF Atlantic Lithium	Downgrade	$0.00		Buy ➝ Hold
10/4/2023	YLLXF Yellow Cake	Downgrade	$7.00		Buy ➝ Hold
9/27/2023	WZZZY Wizz Air	Upgrade	$4.00		Sell ➝ Hold
9/26/2023	OGN Origin Enterprises	Reiterated Rating	GBX 4		Buy
9/26/2023	CPYYY Centrica	Initiated Coverage	$9.00		Sell
9/26/2023	SSTY Safestay	Reiterated Rating	GBX 19	GBX 40	Buy
9/26/2023	CURY Currys	Reiterated Rating	GBX 132	GBX 135	Buy
9/26/2023	KETL Strix Group	Upgrade	GBX 36	GBX 110 ➝ GBX 100	Buy
9/26/2023	GFRD Galliford Try	Boost Price Target	GBX 519	GBX 270 ➝ GBX 300	Buy
9/26/2023	OXB Oxford Biomedica	Lower Price Target	GBX 623	GBX 350 ➝ GBX 310	Hold
9/26/2023	BAG A.G. BARR	Reiterated Rating	GBX 632	GBX 600	Buy
9/26/2023	YU Yü Group	Boost Price Target	GBX 1,505	GBX 1,208 ➝ GBX 1,415	Buy
9/4/2023	OXBDF Oxford BioMedica	Downgrade	$8.00		Buy ➝ Hold
8/9/2023	ALLIF Atlantic Lithium	Downgrade	$0.00		Buy ➝ Hold
7/25/2023	BCKIF Babcock International Group	Downgrade	$15.00		Buy ➝ Hold
7/11/2023	WZZZY Wizz Air	Initiated Coverage	$4.00		Sell
7/6/2023	CMCL Caledonia Mining	Upgrade	$25.00		Hold ➝ Buy
7/6/2023	BHP BHP Group	Upgrade	$59.00		Sell ➝ Hold
7/6/2023	RIO Rio Tinto	Upgrade	$74.00		Sell ➝ Hold
7/5/2023	SUPIF Supermarket Income REIT	Initiated Coverage	$1.00		Hold
7/5/2023	TTBXF Tritax Big Box REIT	Upgrade	$2.00		Hold ➝ Buy
7/4/2023	NWINF Naked Wines	Downgrade	$1.00		Hold ➝ Sell
6/28/2023	CELTF Centamin	Upgrade	$2.00		Sell ➝ Hold
6/28/2023	ASBFY Associated British Foods	Upgrade	$28.00		Hold ➝ Buy
6/21/2023	LKKRF Lookers	Downgrade	$1.00		Buy ➝ Hold
5/26/2023	ASOMY Asos Pls	Upgrade	$3.00		Sell ➝ Hold
5/26/2023	ASC ASOS	Upgrade	GBX 248	GBX 500 ➝ GBX 470	Hold
5/25/2023	NCCGF Ncc Group	Initiated Coverage	$2.00		Buy
5/25/2023	DRKTF Darktrace	Initiated Coverage	$3.00		Buy
5/25/2023	NCC NCC Group	Initiated Coverage	GBX 147	GBX 150	Buy
5/22/2023	EZJ easyJet	Reiterated Rating	GBX 489	GBX 690	Buy
5/16/2023	GGGSF Greggs	Downgrade	$23.00		Buy ➝ Hold
5/16/2023	GRG Greggs	Downgrade	GBX 1,607	GBX 2,800	Hold
5/4/2023	EDVMF Endeavour Mining	Downgrade	$46.00		Hold ➝ Sell
4/24/2023	HLFDY Halfords Group	Upgrade	$4.00		Sell ➝ Hold
4/24/2023	CMCL Caledonia Mining	Downgrade	$25.00		Buy ➝ Hold
4/20/2023	FLRAF Essentra	Initiated Coverage	$1.00		Buy
4/17/2023	THG THG	Upgrade	GBX 45	GBX 55 ➝ GBX 220	Buy
4/6/2023	THG THG	Reiterated Rating	GBX 45	GBX 55	Hold
3/28/2023	CELTF Centamin	Initiated Coverage	$2.00		Sell ➝ Sell
3/22/2023	GGGSF Greggs	Initiated Coverage	$23.00		Buy
3/17/2023	NXPGF Mobico Group	Upgrade	$0.00		Sell ➝ Hold
3/15/2023	AMS Advanced Medical Solutions Group	Downgrade	GBX 207	GBX 296	Hold
3/10/2023	FGP FirstGroup	Reiterated Rating	GBX 176	GBX 165	Buy
3/9/2023	NXPGF Mobico Group	Downgrade	$0.00		Hold ➝ Sell
3/8/2023	MOON Moonpig Group	Reiterated Rating	GBX 212	GBX 145	Buy
3/6/2023	RMV Rightmove	Lower Price Target	GBX 528	GBX 705 ➝ GBX 660	Buy
3/1/2023	SNN Smith & Nephew SNATS	Upgrade	$33.00		Hold ➝ Buy
3/1/2023	SN Smith & Nephew	Upgrade	GBX 1,234	GBX 1,120 ➝ GBX 1,410	Buy
2/24/2023	IAG International Consolidated Airlines Group	Reiterated Rating	GBX 385	GBX 220	Buy
2/17/2023	SUPIF Supermarket Income REIT	Downgrade	$1.00		Hold ➝ Sell
2/16/2023	SNN Smith & Nephew SNATS	Initiated Coverage	$33.00		Hold
2/13/2023	TW Taylor Wimpey	Reiterated Rating	GBX 102	GBX 125	Hold
2/13/2023	CRST Crest Nicholson	Reiterated Rating	GBX 137		Buy
2/13/2023	GLE MJ Gleeson	Reiterated Rating	GBX 394	GBX 560	Top Pick
2/13/2023	VTY Vistry Group	Reiterated Rating	GBX 655	GBX 950	Top Pick
2/13/2023	PSN Persimmon	Reiterated Rating	GBX 1,344	GBX 1,600	Buy
2/13/2023	BWY Bellway	Reiterated Rating	GBX 2,708	GBX 2,860	Top Pick
2/13/2023	BKG The Berkeley Group	Reiterated Rating	GBX 3,728	GBX 4,750	Buy
2/9/2023	NXT NEXT	Reiterated Rating	£142	GBX 7,500	Buy
2/6/2023	TWODF Taylor Wimpey	Downgrade	$1.00		Buy ➝ Hold
2/2/2023	PAHGF Pets at Home Group	Downgrade	$3.00		Buy ➝ Hold
2/2/2023	PETS Pets at Home Group	Reiterated Rating	GBX 209	GBX 390	Hold
1/26/2023	FQVTF Fevertree Drinks	Downgrade	$11.00		Buy ➝ Hold
1/24/2023	IAG International Consolidated Airlines Group	Boost Price Target	GBX 385	GBX 145 ➝ GBX 220	Buy
1/24/2023	EZJ easyJet	Boost Price Target	GBX 489	GBX 430 ➝ GBX 560	Buy
1/18/2023	CRST Crest Nicholson	Reiterated Rating	GBX 137	GBX 285	Buy
1/10/2023	DCHPF Dechra Pharmaceuticals	Upgrade	$47.00		Hold ➝ Buy
12/16/2022	NXPGF Mobico Group	Downgrade	$0.00		Buy ➝ Hold
12/14/2022	TPRKY Travis Perkins	Downgrade	$8.00		Buy ➝ Hold
12/8/2022	DRXGF Drax Group	Initiated Coverage	$10.00		Buy
12/8/2022	WPLCF Wise	Initiated Coverage	$11.00		Sell