| Broker | Current | Previous | Change | Up-/Downside | Last Update |
|---|---|---|---|---|---|
| AB Bernstein | 81.00 | 85.00 | -4.7% | 2.1% | 2020-03-13 |
| Baader Helvea | 92.00 | 85.00 | 8.2% | 15.9% | 2020-03-11 |
| Bankhaus Lampe | 84.00 | 80.00 | 5.0% | 5.8% | 2020-03-10 |
| Barclays | 79.00 | 76.00 | 3.9% | -0.5% | 2020-03-10 |
| Berenberg Bank | 83.00 | 89.00 | -6.7% | 4.6% | 2020-03-24 |
| BoA Merrill Lynch | 100.00 | 70.00 | 42.9% | 26.0% | 2020-03-17 |
| Citigroup | 52.00 | 47.00 | 10.6% | -34.5% | 2020-03-10 |
| Commerzbank | 74.00 | 67.00 | 10.4% | -6.8% | 2020-03-10 |
| Credit Suisse | 84.00 | 87.00 | -3.4% | 5.8% | 2020-03-11 |
| DZ Bank | 82.00 | 84.00 | -2.4% | 3.3% | 2020-03-13 |
| Davy | - | - | - | - | 2020-03-12 |
| Deutsche Bank | 94.00 | 90.00 | 4.4% | 18.4% | 2020-03-24 |
| Exane BNP Paribas | 110.00 | 100.00 | 10.0% | 38.6% | 2020-03-11 |
| Goldman Sachs | 108.00 | 110.00 | -1.8% | 36.1% | 2020-03-12 |
| Independent Research | 85.00 | 83.00 | 2.4% | 7.1% | 2019-08-09 |
| J.P. Morgan Cazenove | 75.00 | 66.00 | 13.6% | -5.5% | 2020-01-09 |
| Kepler Cheuvreux | 91.00 | 81.00 | 12.3% | 14.7% | 2020-03-10 |
| LBBW | 84.00 | 80.00 | 5.0% | 5.8% | 2020-03-13 |
| Liberum Capital | 50.00 | 52.00 | -3.8% | -37.0% | 2019-08-08 |
| MainFirst Bank | 88.00 | 91.00 | -3.3% | 10.9% | 2020-03-10 |
| Morgan Stanley | 87.00 | 81.00 | 7.4% | 9.6% | 2020-03-10 |
| NordLB | 83.00 | 82.00 | 1.2% | 4.6% | 2019-11-27 |
| Pareto Securities | 74.00 | 74.30 | -0.4% | -6.8% | 2019-11-06 |
| Redburn | 75.00 | 72.00 | 4.2% | -5.5% | 2019-11-06 |
| Société Générale | 100.00 | 94.00 | 6.4% | 26.0% | 2020-03-11 |
| UBS | 91.00 | 89.00 | 2.2% | 14.7% | 2020-03-10 |
| Warburg Research | 87.00 | 89.00 | -2.2% | 9.6% | 2020-03-13 |
| Broker | Current | Previous | Change | Last Update |
|---|---|---|---|---|
| AB Bernstein | Marketperform | Marketperform | No | 2020-03-13 |
| Baader Helvea | Add | Hold | Yes | 2020-03-11 |
| Bankhaus Lampe | Hold | Hold | No | 2020-03-10 |
| Barclays | Equalweight | Equalweight | No | 2020-03-10 |
| Berenberg Bank | Hold | Hold | No | 2020-03-24 |
| BoA Merrill Lynch | Buy | Hold | Yes | 2020-03-17 |
| Citigroup | Sell | Sell | No | 2020-03-10 |
| Commerzbank | Hold | Hold | No | 2020-03-10 |
| Credit Suisse | Neutral | Outperform | Yes | 2020-03-11 |
| DZ Bank | Hold | Sell | Yes | 2020-03-13 |
| Davy | Neutral | - | - | 2020-03-12 |
| Deutsche Bank | Buy | Buy | No | 2020-03-24 |
| Exane BNP Paribas | Outperform | Outperform | No | 2020-03-11 |
| Goldman Sachs | Buy | Neutral | Yes | 2020-03-12 |
| Independent Research | Hold | Hold | No | 2019-08-09 |
| J.P. Morgan Cazenove | Underweight | Neutral | Yes | 2020-01-09 |
| Kepler Cheuvreux | Hold | Hold | No | 2020-03-10 |
| LBBW | Hold | Hold | No | 2020-03-13 |
| Liberum Capital | Sell | Sell | No | 2019-08-08 |
| MainFirst Bank | Hold | Outperform | Yes | 2020-03-10 |
| Morgan Stanley | Equalweight | - | - | 2020-03-10 |
| NordLB | Hold | Buy | Yes | 2019-11-27 |
| Pareto Securities | Hold | - | - | 2019-11-06 |
| Redburn | Hold | Neutral | No | 2019-11-06 |
| Société Générale | Buy | Buy | No | 2020-03-11 |
| UBS | Neutral | Neutral | No | 2020-03-10 |
| Warburg Research | Hold | Buy | Yes | 2020-03-13 |
|
Recommendations
0.11Negative: 3, Neutral: 18, Positive: 6 (Total: 27) -1 +1 |
||||||||
| Target Prices (EUR) | Recommendations | |||||||
|---|---|---|---|---|---|---|---|---|
| Broker | Current | Previous | Change | Up-/Downside | Current | Previous | Change | Last Update |
| AB Bernstein (Gunther Zechmann) | 81.00 | 85.00 | -4.7% | 2.1% | Marketperform | Marketperform | No | 2020-03-13 |
| Baader Helvea (Andreas von Arx) | 92.00 | 85.00 | 8.2% | 15.9% | Add | Hold | Yes | 2020-03-11 |
| Bankhaus Lampe (Heiko Feber) | 84.00 | 80.00 | 5.0% | 5.8% | Hold | Hold | No | 2020-03-10 |
| Barclays (Sebastian Satz) | 79.00 | 76.00 | 3.9% | -0.5% | Equalweight | Equalweight | No | 2020-03-10 |
| Berenberg Bank (James Target) | 83.00 | 89.00 | -6.7% | 4.6% | Hold | Hold | No | 2020-03-24 |
| BoA Merrill Lynch (Matthew Yates) | 100.00 | 70.00 | 42.9% | 26.0% | Buy | Hold | Yes | 2020-03-17 |
| Citigroup (Thomas Wrigglesworth) | 52.00 | 47.00 | 10.6% | -34.5% | Sell | Sell | No | 2020-03-10 |
| Commerzbank (Michael Schäfer) | 74.00 | 67.00 | 10.4% | -6.8% | Hold | Hold | No | 2020-03-10 |
| Credit Suisse (Chris Counihan) | 84.00 | 87.00 | -3.4% | 5.8% | Neutral | Outperform | Yes | 2020-03-11 |
| DZ Bank (Thomas Maul) | 82.00 | 84.00 | -2.4% | 3.3% | Hold | Sell | Yes | 2020-03-13 |
| Davy (Katy Hutchinson) | - | - | - | - | Neutral | - | - | 2020-03-12 |
| Deutsche Bank (Virginie Boucher-Ferte) | 94.00 | 90.00 | 4.4% | 18.4% | Buy | Buy | No | 2020-03-24 |
| Exane BNP Paribas (Heidi Vesterinen) | 110.00 | 100.00 | 10.0% | 38.6% | Outperform | Outperform | No | 2020-03-11 |
| Goldman Sachs (Theodora Lee Joseph) | 108.00 | 110.00 | -1.8% | 36.1% | Buy | Neutral | Yes | 2020-03-12 |
| Independent Research (Sven Diermeier) | 85.00 | 83.00 | 2.4% | 7.1% | Hold | Hold | No | 2019-08-09 |
| J.P. Morgan Cazenove (Celine Pannuti) | 75.00 | 66.00 | 13.6% | -5.5% | Underweight | Neutral | Yes | 2020-01-09 |
| Kepler Cheuvreux (Patrick Roquas) | 91.00 | 81.00 | 12.3% | 14.7% | Hold | Hold | No | 2020-03-10 |
| LBBW (Ulle Woerner) | 84.00 | 80.00 | 5.0% | 5.8% | Hold | Hold | No | 2020-03-13 |
| Liberum Capital (Adam Collins) | 50.00 | 52.00 | -3.8% | -37.0% | Sell | Sell | No | 2019-08-08 |
| MainFirst Bank (Isha Sharma) | 88.00 | 91.00 | -3.3% | 10.9% | Hold | Outperform | Yes | 2020-03-10 |
| Morgan Stanley (Alexandra Thrum) | 87.00 | 81.00 | 7.4% | 9.6% | Equalweight | - | - | 2020-03-10 |
| NordLB (Thorsten Strauss) | 83.00 | 82.00 | 1.2% | 4.6% | Hold | Buy | Yes | 2019-11-27 |
| Pareto Securities (Knud Hinkel) | 74.00 | 74.30 | -0.4% | -6.8% | Hold | - | - | 2019-11-06 |
| Redburn (Ranulf Orr) | 75.00 | 72.00 | 4.2% | -5.5% | Hold | Neutral | No | 2019-11-06 |
| Société Générale (Thomas Swoboda) | 100.00 | 94.00 | 6.4% | 26.0% | Buy | Buy | No | 2020-03-11 |
| UBS (Geoff Haire) | 91.00 | 89.00 | 2.2% | 14.7% | Neutral | Neutral | No | 2020-03-10 |
| Warburg Research (Patrick Schmidt) | 87.00 | 89.00 | -2.2% | 9.6% | Hold | Buy | Yes | 2020-03-13 |
| Current | Up-/Downside | |
|---|---|---|
| Price, last closing | 79.36 | |
| Number of Estimates | 26 | |
| Highest | 110.00 | 38.6% |
| Consensus | 84.35 | 6.3% |
| Median | 84.00 | 5.8% |
| Lowest | 50.00 | -37.0% |
| # Current | Of Total | |
|---|---|---|
| Positive | 6 | 22.2% |
| Neutral | 18 | 66.7% |
| Negative | 3 | 11.1% |
| Total | 27 |
This document has been issued by Vara Research GmbH for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various analysts regarding revenues, earnings and business developments of the relevant company. The company did not participate in the compilation of the estimates and it does not endorse them. Such estimates and forecasts cannot be independently verified by reason of the subjective character. Vara Research GmbH gives no guarantee, representation or warranty and is not responsible or liable as to its accuracy and completeness.
