| Date | Broker name | New | Price | Old price target | New price target | Broker change |
|---|---|---|---|---|---|---|
| 31-Oct-25 | JP Morgan Cazenove | Overweight | 2,847.50p | - | - | Reiteration |
| 30-Oct-25 | RBC Capital Markets | Outperform | 2,883.00p | 3,600.00p | 3,600.00p | Reiteration |
| 01-Aug-25 | Berenberg Bank | Buy | 2,707.00p | 3,000.00p | 3,000.00p | Reiteration |
| 01-Aug-25 | JP Morgan Cazenove | Overweight | 2,707.00p | - | - | Reiteration |
| 01-Aug-25 | RBC Capital Markets | Outperform | 2,707.00p | 3,400.00p | 3,400.00p | Reiteration |
| 01-Aug-25 | Citigroup | Neutral | 2,707.00p | 2,450.00p | 2,650.00p | Reiteration |
| 07-Jul-25 | Berenberg Bank | Buy | 2,553.00p | - | 3,000.00p | Reiteration |
| 19-Feb-25 | Berenberg Bank | Buy | 2,686.00p | - | 3,250.00p | Reiteration |
| 14-Jan-25 | JP Morgan Cazenove | Overweight | 2,673.00p | 3,200.00p | 3,300.00p | Reiteration |
| 16-Dec-24 | Jefferies | Buy | 2,458.50p | - | 3,200.00p | Reiteration |
| 24-Sep-24 | JP Morgan Cazenove | Overweight | 2,572.00p | - | - | Reiteration |
| 04-Sep-24 | Bank of America | Buy | 2,582.50p | - | 3,400.00p | Reiteration |
| 03-Sep-24 | JP Morgan Cazenove | Overweight | 2,612.00p | 3,550.00p | 3,400.00p | Reiteration |
| 12-Jul-24 | JP Morgan Cazenove | Overweight | 2,812.50p | - | 3,500.00p | Reiteration |
| 09-Jul-24 | Berenberg Bank | Buy | 2,834.00p | - | 3,400.00p | Reiteration |
| 03-Jul-24 | JP Morgan Cazenove | Overweight | 2,851.00p | - | 3,500.00p | Reiteration |
| 03-May-24 | RBC Capital Markets | Outperform | 2,858.50p | - | 3,000.00p | Reiteration |
| 03-May-24 | Barclays | Overweight | 2,858.50p | - | 3,800.00p | Reiteration |
| 22-Apr-24 | Bank of America | Buy | 2,907.00p | - | 3,300.00p | Reiteration |
| 08-Apr-24 | RBC Capital Markets | Outperform | 2,814.00p | - | 3,000.00p | Reiteration |
| 08-Apr-24 | Barclays | Overweight | 2,814.00p | - | 3,800.00p | Reiteration |
| 20-Feb-24 | JP Morgan Cazenove | Overweight | 2,488.00p | - | - | Reiteration |
| 16-Feb-24 | Berenberg Bank | Buy | 2,497.00p | 3,000.00p | 2,950.00p | Reiteration |
| 17-Nov-23 | JP Morgan Cazenove | Overweight | 2,608.50p | - | - | Reiteration |
| 24-Jul-23 | Berenberg Bank | Buy | 2,443.00p | - | 2,850.00p | Reiteration |
| 10-Jul-23 | Barclays | Overweight | 2,305.00p | - | 3,500.00p | Reiteration |
| 10-Jul-23 | Deutsche | Buy | 2,305.00p | 2,907.00p | 3,268.00p | Reiteration |
| 15-Jun-23 | Barclays | Overweight | 2,334.50p | - | 3,300.00p | Reiteration |
| 08-Jun-23 | JP Morgan Cazenove | Overweight | 2,309.00p | - | - | Reiteration |
| 17-May-23 | Jefferies | Buy | 2,396.50p | - | 3,000.00p | Reiteration |
| 09-May-23 | JP Morgan Cazenove | Overweight | 2,378.00p | - | 2,950.00p | Reiteration |
| 05-May-23 | Berenberg Bank | Buy | 2,390.50p | 3,000.00p | 2,850.00p | Reiteration |
| 11-Apr-23 | Barclays | Overweight | 2,430.50p | - | 3,300.00p | Reiteration |
| 21-Mar-23 | Morgan Stanley | Overweight | 2,310.50p | 2,625.00p | 2,405.00p | Upgrade |
| 07-Feb-23 | Credit Suisse | Top Pick | 2,455.00p | - | - | Reiteration |
| 07-Feb-23 | Jefferies | Buy | 2,455.00p | 3,100.00p | 3,000.00p | Reiteration |
| 31-Jan-23 | Barclays | Overweight | 2,374.00p | - | 3,300.00p | Reiteration |
| 19-Jan-23 | RBC Capital Markets | Outperform | 2,360.50p | - | 3,200.00p | Reiteration |
| 17-Jan-23 | Bank of America | Top Pick | 2,419.00p | 3,200.00p | 3,100.00p | Reiteration |
| 07-Dec-22 | Deutsche | Buy | 2,315.50p | 2,761.00p | 2,987.00p | Reiteration |
| 31-Oct-22 | Berenberg Bank | Buy | 2,404.00p | 2,800.00p | 2,900.00p | Reiteration |
| 28-Oct-22 | Deutsche | Buy | 2,418.50p | 2,779.00p | 2,761.00p | Reiteration |
| 28-Oct-22 | Barclays | Overweight | 2,418.50p | 3,300.00p | 3,300.00p | Reiteration |
| 13-Oct-22 | JP Morgan Cazenove | Overweight | 2,302.50p | 3,000.00p | 2,900.00p | Reiteration |
| 07-Oct-22 | RBC Capital Markets | Outperform | 2,345.50p | 3,200.00p | 3,200.00p | Reiteration |
| 06-Oct-22 | Barclays | Overweight | 2,312.00p | 3,300.00p | 3,300.00p | Reiteration |
| 24-Aug-22 | Barclays | Overweight | 2,292.50p | 3,000.00p | 3,300.00p | Reiteration |
| 11-Aug-22 | Barclays | Overweight | 2,213.50p | 3,000.00p | 3,000.00p | Reiteration |
| 15-Jul-22 | JP Morgan Cazenove | Overweight | 1,989.60p | 2,850.00p | 3,000.00p | Reiteration |
| 13-Jul-22 | RBC Capital Markets | Outperform | 2,002.00p | 3,100.00p | 3,100.00p | Reiteration |
| Currency | UK Pounds |
| Share Price | 2,847.50p |
| Change Today | -35.50p |
| % Change | -1.23 % |
| 52 Week High | 2,883.00p |
| 52 Week Low | 2,291.50p |
| Volume | 6,566,118 |
| Shares Issued | 5,778m |
| Market Cap | £164,535m |
| Beta | 0.96 |
| Value |
|
|---|
| Price Trend |
|
|---|
| Income |
|
|---|
| Growth |
|
|---|
| Strong Buy | 7 |
| Buy | 9 |
| Neutral | 7 |
| Sell | 0 |
| Strong Sell | 0 |
| Total | 23 |

| Latest | Previous | |
|---|---|---|
| 3rd Interim | 2nd Interim | |
| Ex-Div | 13-Nov-25 | 14-Aug-25 |
| Paid | 18-Dec-25 | 22-Sep-25 |
| Amount | 35.80¢ | 35.80¢ |
| Time | Volume / Share Price |
| 14:39 | 0 @ 2,847.50p |
| 14:38 | 0 @ 2,848.50p |
| 14:38 | 0 @ 2,849.00p |
| 14:40 | 0 @ 2,847.00p |
| 14:37 | 2 @ 2,846.50p |
You are here: research