| Date | Broker name | New | Price | Old price target | New price target | Broker change |
|---|---|---|---|---|---|---|
| 06-Aug-25 | Citigroup | Neutral | 706.00p | 682.00p | 689.00p | Reiteration |
| 28-Jul-25 | Citigroup | Neutral | 688.00p | 529.00p | 682.00p | Upgrade |
| 04-Jul-25 | JP Morgan Cazenove | Overweight | 689.50p | - | 1,000.00p | Restart Coverage |
| 11-Feb-25 | JP Morgan Cazenove | Overweight | 657.00p | 850.00p | 900.00p | Reiteration |
| 11-Feb-25 | Citigroup | Sell | 657.00p | - | 529.00p | Reiteration |
| 29-Jul-24 | Jefferies | Buy | 642.00p | 600.00p | 750.00p | Reiteration |
| 05-Jul-24 | JP Morgan Cazenove | Overweight | 548.00p | - | - | Reiteration |
| 03-Apr-24 | Citigroup | Sell | 483.20p | - | 434.00p | Reiteration |
| 21-Feb-24 | RBC Capital Markets | Outperform | 426.70p | 1,200.00p | 1,100.00p | Reiteration |
| 14-Dec-23 | JP Morgan Cazenove | Overweight | 475.50p | 740.00p | 760.00p | Reiteration |
| 10-Nov-23 | JP Morgan Cazenove | Overweight | 422.50p | - | - | Reiteration |
| 28-Sep-23 | JP Morgan Cazenove | Overweight | 429.70p | 830.00p | 740.00p | Reiteration |
| 06-Jul-23 | Barclays | Overweight | 577.00p | 1,150.00p | 1,200.00p | Reiteration |
| 24-May-23 | Barclays | Overweight | 619.00p | - | 1,150.00p | Reiteration |
| 04-Apr-23 | JP Morgan Cazenove | Buy | 605.40p | 952.00p | 940.00p | Reiteration |
| 24-Feb-23 | Barclays | Overweight | 642.50p | - | 1,100.00p | Reiteration |
| 16-Feb-23 | Credit Suisse | Neutral | 681.50p | 700.00p | 625.00p | Reiteration |
| 14-Feb-23 | JP Morgan Cazenove | Overweight | 636.50p | 850.00p | 900.00p | Reiteration |
| 08-Dec-22 | JP Morgan Cazenove | Overweight | 613.00p | 1,010.00p | 825.00p | Reiteration |
| 21-Nov-22 | Barclays | Overweight | 621.50p | 820.00p | 1,000.00p | Reiteration |
| 18-Nov-22 | Citigroup | Neutral | 619.00p | 598.00p | 598.00p | Reiteration |
| 15-Nov-22 | RBC Capital Markets | Outperform | 564.00p | 1,175.00p | 950.00p | Reiteration |
| 31-Oct-22 | Barclays | Overweight | 521.00p | 1,170.00p | 820.00p | Reiteration |
| 12-Aug-22 | Citigroup | Sell | 723.50p | 616.00p | 616.00p | Reiteration |
| 07-Jul-22 | Citigroup | Sell | 671.50p | 591.00p | 591.00p | Reiteration |
| 07-Jul-22 | JP Morgan Cazenove | Overweight | 671.50p | 975.00p | 990.00p | Reiteration |
| 07-Jul-22 | RBC Capital Markets | Outperform | 671.50p | 1,150.00p | 1,175.00p | Reiteration |
| 28-Jun-22 | JP Morgan Cazenove | Overweight | 642.00p | - | - | Reiteration |
| 07-Jun-22 | Canaccord Genuity | Buy | 708.00p | - | 135.00p | New Coverage |
| 27-May-22 | Barclays | Overweight | 656.00p | 1,170.00p | 1,170.00p | Reiteration |
| 20-May-22 | JP Morgan Cazenove | Overweight | 798.50p | - | - | Reiteration |
| 16-May-22 | Barclays | Overweight | 776.00p | 980.00p | 1,170.00p | Reiteration |
| 11-May-22 | Morgan Stanley | Overweight | 773.00p | - | - | Reiteration |
| 29-Apr-22 | RBC Capital Markets | Outperform | 808.00p | 925.00p | 1,150.00p | Reiteration |
| 26-Apr-22 | Morgan Stanley | Overweight | 794.50p | - | - | Reiteration |
| 14-Apr-22 | Morgan Stanley | Overweight | 798.00p | - | - | Reiteration |
| 25-Mar-22 | Morgan Stanley | Overweight | 770.50p | 420.00p | 930.00p | Upgrade |
| 24-Mar-22 | RBC Capital Markets | Outperform | 710.00p | - | 925.00p | Reiteration |
| 25-Jan-22 | RBC Capital Markets | Outperform | 584.00p | 750.00p | 925.00p | Reiteration |
| 17-Dec-21 | Barclays | Overweight | 589.00p | 960.00p | 980.00p | Reiteration |
| 02-Dec-21 | Citigroup | Neutral | 578.50p | - | 651.00p | DownGrade |
| 02-Dec-21 | JP Morgan Cazenove | Overweight | 578.50p | 650.00p | 700.00p | Reiteration |
| 11-Aug-21 | RBC Capital Markets | Outperform | 417.20p | 650.00p | 650.00p | Reiteration |
| 02-Aug-21 | Credit Suisse | Outperform | 399.40p | - | 450.00p | Reiteration |
| 02-Jun-21 | JP Morgan Cazenove | Overweight | 447.80p | 360.00p | 500.00p | Reiteration |
| 17-May-21 | Citigroup | Buy | 434.80p | - | 505.00p | Upgrade |
| 25-Jan-21 | Citigroup | Neutral | 375.00p | - | 399.00p | Reiteration |
| 13-Jan-21 | Barclays | Overweight | 383.40p | 400.00p | 550.00p | Reiteration |
| 14-May-20 | JP Morgan Cazenove | Overweight | 197.00p | 400.00p | 360.00p | Reiteration |
| 12-Feb-20 | RBC Capital Markets | Outperform | 295.40p | - | - | DownGrade |
| Currency | UK Pounds |
| Share Price | 712.00p |
| Change Today | -2.00p |
| % Change | -0.28 % |
| 52 Week High | 748.50 |
| 52 Week Low | 536.50 |
| Volume | 708,716 |
| Shares Issued | 343.10m |
| Market Cap | £2,442.88m |
| RiskGrade | 140 |
| Value |
|
|---|
| Price Trend |
|
|---|
| Income |
|
|---|
| Growth |
|
|---|
| Strong Buy | 2 |
| Buy | 2 |
| Neutral | 4 |
| Sell | 0 |
| Strong Sell | 0 |
| Total | 8 |

| Latest | Previous | |
|---|---|---|
| Interim | Final | |
| Ex-Div | 25-Sep-25 | 24-Apr-25 |
| Paid | 24-Oct-25 | 16-May-25 |
| Amount | 11.60p | 15.60p |
| Time | Volume / Share Price |
| 16:35 | 276,455 @ 712.00p |
| 16:35 | 1,566 @ 712.00p |
| 16:35 | 438 @ 712.00p |
| 16:35 | 1,354 @ 712.00p |
| 16:35 | 3,551 @ 712.00p |
| CEO | Will Gardiner |
| Chair | Andrea Bertone |
You are here: research