| Broker | Current | Previous | Change | Up-/Downside | Last Update |
|---|---|---|---|---|---|
| Bankhaus Lampe | 66.00 | 68.00 | -2.9% | -1.1% | 2018-11-07 |
| Citigroup | 52.00 | 47.00 | 10.6% | -22.1% | 2018-11-07 |
| Deutsche Bank | 86.00 | 88.00 | -2.3% | 28.9% | 2018-11-08 |
| Commerzbank | 67.00 | 64.00 | 4.7% | 0.4% | 2018-05-04 |
| LBBW | 72.00 | 69.00 | 4.3% | 7.9% | 2018-11-08 |
| Warburg Research | 77.00 | 84.00 | -8.3% | 15.4% | 2018-11-08 |
| Morgan Stanley | 68.00 | 75.00 | -9.3% | 1.9% | 2018-12-11 |
| NordLB | 74.00 | 69.00 | 7.2% | 10.9% | 2018-11-07 |
| UBS | 72.00 | 82.00 | -12.2% | 7.9% | 2018-12-06 |
| BoA Merrill Lynch | 70.00 | 70.00 | 0.0% | 4.9% | 2018-04-12 |
| MainFirst Bank | 67.00 | 64.00 | 4.7% | 0.4% | 2018-12-06 |
| DZ Bank | 58.00 | 60.00 | -3.3% | -13.1% | 2018-11-07 |
| Baader Helvea | 80.00 | 82.50 | -3.0% | 19.9% | 2018-11-09 |
| J.P. Morgan Cazenove | 56.00 | 77.00 | -27.3% | -16.1% | 2018-12-10 |
| Exane BNP Paribas | 90.00 | 84.00 | 7.1% | 34.9% | 2018-11-07 |
| Berenberg Bank | 70.00 | 65.20 | 7.4% | 4.9% | 2018-09-26 |
| Liberum Capital | 50.00 | 49.00 | 2.0% | -25.1% | 2018-11-14 |
| equinet | 70.00 | 67.00 | 4.5% | 4.9% | 2018-11-23 |
| Davy | - | - | - | - | 2018-12-05 |
| Kepler Cheuvreux | 67.00 | 70.00 | -4.3% | 0.4% | 2018-11-08 |
| Société Générale | 91.00 | 85.00 | 7.1% | 36.4% | 2018-11-29 |
| Goldman Sachs | 56.60 | 58.20 | -2.7% | -15.2% | 2018-11-07 |
| Raymond James | 70.00 | 69.00 | 1.4% | 4.9% | 2018-11-08 |
| Barclays | 70.00 | 64.00 | 9.4% | 4.9% | 2018-12-07 |
| AB Bernstein | 73.00 | 61.00 | 19.7% | 9.4% | 2018-11-08 |
| Credit Suisse | 85.00 | 84.00 | 1.2% | 27.4% | 2018-11-08 |
| Redburn | 74.00 | 75.00 | -1.3% | 10.9% | 2018-12-05 |
| Morningstar | 75.00 | 75.00 | 0.0% | 12.4% | 2017-11-27 |
| Hauck & Aufhäuser | 58.00 | 75.00 | -22.7% | -13.1% | 2018-12-12 |
| Broker | Current | Previous | Change | Last Update |
|---|---|---|---|---|
| Bankhaus Lampe | Sell | Hold | Yes | 2018-11-07 |
| Citigroup | Sell | Sell | No | 2018-11-07 |
| Deutsche Bank | Buy | Buy | No | 2018-11-08 |
| Commerzbank | Hold | Hold | No | 2018-05-04 |
| LBBW | Hold | Hold | No | 2018-11-08 |
| Warburg Research | Hold | Buy | Yes | 2018-11-08 |
| Morgan Stanley | Equalweight | - | - | 2018-12-11 |
| NordLB | Hold | Buy | Yes | 2018-11-07 |
| UBS | Neutral | Underperform | Yes | 2018-12-06 |
| BoA Merrill Lynch | Neutral | Underperform | Yes | 2018-04-12 |
| MainFirst Bank | Underperform | Underperform | No | 2018-12-06 |
| DZ Bank | Sell | Hold | Yes | 2018-11-07 |
| Baader Helvea | Buy | Buy | No | 2018-11-09 |
| J.P. Morgan Cazenove | Underweight | Neutral | Yes | 2018-12-10 |
| Exane BNP Paribas | Outperform | Outperform | No | 2018-11-07 |
| Berenberg Bank | Hold | Hold | No | 2018-09-26 |
| Liberum Capital | Sell | Sell | No | 2018-11-14 |
| equinet | Neutral | Neutral | No | 2018-11-23 |
| Davy | Outperform | - | - | 2018-12-05 |
| Kepler Cheuvreux | Reduce | Hold | Yes | 2018-11-08 |
| Société Générale | Buy | Buy | No | 2018-11-29 |
| Goldman Sachs | Sell | Sell | No | 2018-11-07 |
| Raymond James | Underperform | Marketperform | Yes | 2018-11-08 |
| Barclays | Equalweight | Equalweight | No | 2018-12-07 |
| AB Bernstein | Marketperform | Marketperform | No | 2018-11-08 |
| Credit Suisse | Outperform | Outperform | No | 2018-11-08 |
| Redburn | Neutral | Buy | Yes | 2018-12-05 |
| Morningstar | - | - | - | 2017-11-27 |
| Hauck & Aufhäuser | Sell | Hold | Yes | 2018-12-12 |
|
Recommendations
-0.14Negative: 10, Neutral: 12, Positive: 6 (Total: 28) -1 +1 |
||||||||
| Target Prices (EUR) | Recommendations | |||||||
|---|---|---|---|---|---|---|---|---|
| Broker | Current | Previous | Change | Up-/Downside | Current | Previous | Change | Last Update |
| Bankhaus Lampe (Heiko Feber) | 66.00 | 68.00 | -2.9% | -1.1% | Sell | Hold | Yes | 2018-11-07 |
| Citigroup (Thomas Wrigglesworth) | 52.00 | 47.00 | 10.6% | -22.1% | Sell | Sell | No | 2018-11-07 |
| Deutsche Bank (Virginie Boucher-Ferte) | 86.00 | 88.00 | -2.3% | 28.9% | Buy | Buy | No | 2018-11-08 |
| Commerzbank (Michael Schäfer) | 67.00 | 64.00 | 4.7% | 0.4% | Hold | Hold | No | 2018-05-04 |
| LBBW (Ulle Woerner) | 72.00 | 69.00 | 4.3% | 7.9% | Hold | Hold | No | 2018-11-08 |
| Warburg Research (Patrick Schmidt) | 77.00 | 84.00 | -8.3% | 15.4% | Hold | Buy | Yes | 2018-11-08 |
| Morgan Stanley (Alexandra Thrum) | 68.00 | 75.00 | -9.3% | 1.9% | Equalweight | - | - | 2018-12-11 |
| NordLB (Thorsten Strauss) | 74.00 | 69.00 | 7.2% | 10.9% | Hold | Buy | Yes | 2018-11-07 |
| UBS (Geoff Haire) | 72.00 | 82.00 | -12.2% | 7.9% | Neutral | Underperform | Yes | 2018-12-06 |
| BoA Merrill Lynch (Jean-Baptiste Rolland) | 70.00 | 70.00 | 0.0% | 4.9% | Neutral | Underperform | Yes | 2018-04-12 |
| MainFirst Bank (Isha Sharma) | 67.00 | 64.00 | 4.7% | 0.4% | Underperform | Underperform | No | 2018-12-06 |
| DZ Bank (Thomas Maul) | 58.00 | 60.00 | -3.3% | -13.1% | Sell | Hold | Yes | 2018-11-07 |
| Baader Helvea (Andreas von Arx) | 80.00 | 82.50 | -3.0% | 19.9% | Buy | Buy | No | 2018-11-09 |
| J.P. Morgan Cazenove (Celine Pannuti) | 56.00 | 77.00 | -27.3% | -16.1% | Underweight | Neutral | Yes | 2018-12-10 |
| Exane BNP Paribas (Heidi Vesterinen) | 90.00 | 84.00 | 7.1% | 34.9% | Outperform | Outperform | No | 2018-11-07 |
| Berenberg Bank (James Target) | 70.00 | 65.20 | 7.4% | 4.9% | Hold | Hold | No | 2018-09-26 |
| Liberum Capital (Adam Collins) | 50.00 | 49.00 | 2.0% | -25.1% | Sell | Sell | No | 2018-11-14 |
| equinet (Knud Hinkel) | 70.00 | 67.00 | 4.5% | 4.9% | Neutral | Neutral | No | 2018-11-23 |
| Davy (Liz Coen) | - | - | - | - | Outperform | - | - | 2018-12-05 |
| Kepler Cheuvreux (Patrick Roquas) | 67.00 | 70.00 | -4.3% | 0.4% | Reduce | Hold | Yes | 2018-11-08 |
| Société Générale (Thomas Swoboda) | 91.00 | 85.00 | 7.1% | 36.4% | Buy | Buy | No | 2018-11-29 |
| Goldman Sachs (Theodora Lee Joseph) | 56.60 | 58.20 | -2.7% | -15.2% | Sell | Sell | No | 2018-11-07 |
| Raymond James (Patrick Lambert) | 70.00 | 69.00 | 1.4% | 4.9% | Underperform | Marketperform | Yes | 2018-11-08 |
| Barclays (Sebastian Satz) | 70.00 | 64.00 | 9.4% | 4.9% | Equalweight | Equalweight | No | 2018-12-07 |
| AB Bernstein (Gunther Zechmann) | 73.00 | 61.00 | 19.7% | 9.4% | Marketperform | Marketperform | No | 2018-11-08 |
| Credit Suisse (Matthew Hampshire-Waugh) | 85.00 | 84.00 | 1.2% | 27.4% | Outperform | Outperform | No | 2018-11-08 |
| Redburn (Ranulf Orr) | 74.00 | 75.00 | -1.3% | 10.9% | Neutral | Buy | Yes | 2018-12-05 |
| Morningstar (Rob Hales) | 75.00 | 75.00 | 0.0% | 12.4% | - | - | - | 2017-11-27 |
| Hauck & Aufhäuser (Christian Sandherr) | 58.00 | 75.00 | -22.7% | -13.1% | Sell | Hold | Yes | 2018-12-12 |
| Current | Up-/Downside | |
|---|---|---|
| Price, last closing | 66.74 | |
| Number of Estimates | 28 | |
| Highest | 91.00 | 36.4% |
| Consensus | 70.16 | 5.1% |
| Median | 70.00 | 4.9% |
| Lowest | 50.00 | -25.1% |
| # Current | Of Total | |
|---|---|---|
| Positive | 6 | 21.4% |
| Neutral | 12 | 42.9% |
| Negative | 10 | 35.7% |
| Total | 28 |
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.
