| Broker | Current | Previous | Change | Up-/Downside | Last Update |
|---|---|---|---|---|---|
| AB Bernstein | 101.00 | 99.00 | 2.0% | -0.1% | 2021-01-19 |
| Baader Helvea | 115.00 | 120.00 | -4.2% | 13.7% | 2020-11-12 |
| Bank of America | 115.00 | 118.00 | -2.5% | 13.7% | 2020-12-07 |
| Barclays | 85.00 | 87.00 | -2.3% | -16.0% | 2020-10-29 |
| Berenberg Bank | 109.00 | 93.00 | 17.2% | 7.8% | 2020-08-11 |
| Citigroup | 110.00 | 52.00 | 111.5% | 8.7% | 2020-10-29 |
| Commerzbank | 95.00 | 74.00 | 28.4% | -6.1% | 2020-08-06 |
| Credit Suisse | 113.00 | 116.00 | -2.6% | 11.7% | 2020-10-29 |
| DZ Bank | 93.00 | 95.00 | -2.1% | -8.1% | 2020-11-06 |
| Davy | - | - | - | - | 2020-11-05 |
| Deutsche Bank | 124.00 | 115.00 | 7.8% | 22.6% | 2020-11-02 |
| Exane BNP Paribas | 136.00 | 133.00 | 2.3% | 34.5% | 2020-11-05 |
| Goldman Sachs | 128.00 | 125.00 | 2.4% | 26.5% | 2020-12-08 |
| Independent Research | 101.00 | 86.00 | 17.4% | -0.1% | 2020-10-30 |
| Jefferies | 115.00 | - | - | 13.7% | 2020-11-09 |
| Kepler Cheuvreux | 115.00 | 99.00 | 16.2% | 13.7% | 2021-01-07 |
| LBBW | 110.00 | 84.00 | 31.0% | 8.7% | 2020-10-30 |
| Liberum Capital | 102.00 | 50.00 | 104.0% | 0.8% | 2020-04-21 |
| Morgan Stanley | 90.00 | 86.00 | 4.7% | -11.0% | 2021-01-18 |
| NordLB | 106.00 | 88.00 | 20.5% | 4.8% | 2020-12-22 |
| Pareto Securities | 97.00 | 88.00 | 10.2% | -4.1% | 2020-11-11 |
| Redburn | 100.00 | 75.00 | 33.3% | -1.1% | 2020-08-06 |
| Société Générale | 90.00 | 130.00 | -30.8% | -11.0% | 2021-01-18 |
| Stifel | 101.00 | 88.00 | 14.8% | -0.1% | 2020-10-30 |
| UBS | 120.00 | 118.00 | 1.7% | 18.6% | 2020-11-30 |
| Warburg Research | 99.00 | 95.00 | 4.2% | -2.1% | 2020-11-25 |
| Broker | Current | Previous | Change | Last Update |
|---|---|---|---|---|
| AB Bernstein | Marketperform | Marketperform | No | 2021-01-19 |
| Baader Helvea | Add | Buy | No | 2020-11-12 |
| Bank of America | Buy | - | - | 2020-12-07 |
| Barclays | Equalweight | Equalweight | No | 2020-10-29 |
| Berenberg Bank | Hold | Hold | No | 2020-08-11 |
| Citigroup | Neutral | Sell | Yes | 2020-10-29 |
| Commerzbank | Hold | Hold | No | 2020-08-06 |
| Credit Suisse | Outperform | Neutral | Yes | 2020-10-29 |
| DZ Bank | Sell | Hold | Yes | 2020-11-06 |
| Davy | Outperform | Neutral | Yes | 2020-11-05 |
| Deutsche Bank | Buy | Buy | No | 2020-11-02 |
| Exane BNP Paribas | Outperform | Outperform | No | 2020-11-05 |
| Goldman Sachs | Buy | Sell | Yes | 2020-12-08 |
| Independent Research | Sell | Hold | Yes | 2020-10-30 |
| Jefferies | Hold | - | - | 2020-11-09 |
| Kepler Cheuvreux | Buy | Hold | Yes | 2021-01-07 |
| LBBW | Hold | Hold | No | 2020-10-30 |
| Liberum Capital | Hold | Sell | Yes | 2020-04-21 |
| Morgan Stanley | Underweight | Equalweight | Yes | 2021-01-18 |
| NordLB | Hold | Buy | Yes | 2020-12-22 |
| Pareto Securities | Hold | - | - | 2020-11-11 |
| Redburn | Buy | Hold | Yes | 2020-08-06 |
| Société Générale | Sell | Buy | Yes | 2021-01-18 |
| Stifel | Hold | - | - | 2020-10-30 |
| UBS | Buy | Neutral | Yes | 2020-11-30 |
| Warburg Research | Hold | Buy | Yes | 2020-11-25 |
|
Recommendations
0.19Negative: 5, Neutral: 12, Positive: 10 (Total: 27) -1 +1 |
||||||||
| Target Prices (EUR) | Recommendations | |||||||
|---|---|---|---|---|---|---|---|---|
| Broker | Current | Previous | Change | Up-/Downside | Current | Previous | Change | Last Update |
| AB Bernstein (Gunther Zechmann) | 101.00 | 99.00 | 2.0% | -0.1% | Marketperform | Marketperform | No | 2021-01-19 |
| Baader Helvea (Andreas von Arx) | 115.00 | 120.00 | -4.2% | 13.7% | Add | Buy | No | 2020-11-12 |
| Bank of America (Matthew Yates) | 115.00 | 118.00 | -2.5% | 13.7% | Buy | - | - | 2020-12-07 |
| Barclays (Sebastian Satz) | 85.00 | 87.00 | -2.3% | -16.0% | Equalweight | Equalweight | No | 2020-10-29 |
| Berenberg Bank (James Target) | 109.00 | 93.00 | 17.2% | 7.8% | Hold | Hold | No | 2020-08-11 |
| Citigroup (Thomas Wrigglesworth) | 110.00 | 52.00 | 111.5% | 8.7% | Neutral | Sell | Yes | 2020-10-29 |
| Commerzbank (Michael Schäfer) | 95.00 | 74.00 | 28.4% | -6.1% | Hold | Hold | No | 2020-08-06 |
| Credit Suisse (Charles Bentley) | 113.00 | 116.00 | -2.6% | 11.7% | Outperform | Neutral | Yes | 2020-10-29 |
| DZ Bank (Thomas Maul) | 93.00 | 95.00 | -2.1% | -8.1% | Sell | Hold | Yes | 2020-11-06 |
| Davy (Katy Hutchinson) | - | - | - | - | Outperform | Neutral | Yes | 2020-11-05 |
| Deutsche Bank (Virginie Boucher-Ferte) | 124.00 | 115.00 | 7.8% | 22.6% | Buy | Buy | No | 2020-11-02 |
| Exane BNP Paribas (Heidi Vesterinen) | 136.00 | 133.00 | 2.3% | 34.5% | Outperform | Outperform | No | 2020-11-05 |
| Goldman Sachs (Georgina Iwamoto) | 128.00 | 125.00 | 2.4% | 26.5% | Buy | Sell | Yes | 2020-12-08 |
| Independent Research (Sven Diermeier) | 101.00 | 86.00 | 17.4% | -0.1% | Sell | Hold | Yes | 2020-10-30 |
| Jefferies (Ryan Tomkins) | 115.00 | - | - | 13.7% | Hold | - | - | 2020-11-09 |
| Kepler Cheuvreux (Patrick Roquas) | 115.00 | 99.00 | 16.2% | 13.7% | Buy | Hold | Yes | 2021-01-07 |
| LBBW (Ulle Woerner) | 110.00 | 84.00 | 31.0% | 8.7% | Hold | Hold | No | 2020-10-30 |
| Liberum Capital (Adam Collins) | 102.00 | 50.00 | 104.0% | 0.8% | Hold | Sell | Yes | 2020-04-21 |
| Morgan Stanley (Lisa de Neve) | 90.00 | 86.00 | 4.7% | -11.0% | Underweight | Equalweight | Yes | 2021-01-18 |
| NordLB (Thorsten Strauss) | 106.00 | 88.00 | 20.5% | 4.8% | Hold | Buy | Yes | 2020-12-22 |
| Pareto Securities (Knud Hinkel) | 97.00 | 88.00 | 10.2% | -4.1% | Hold | - | - | 2020-11-11 |
| Redburn (Ranulf Orr) | 100.00 | 75.00 | 33.3% | -1.1% | Buy | Hold | Yes | 2020-08-06 |
| Société Générale (Thomas Swoboda) | 90.00 | 130.00 | -30.8% | -11.0% | Sell | Buy | Yes | 2021-01-18 |
| Stifel (Isha Sharma) | 101.00 | 88.00 | 14.8% | -0.1% | Hold | - | - | 2020-10-30 |
| UBS (Charles Eden) | 120.00 | 118.00 | 1.7% | 18.6% | Buy | Neutral | Yes | 2020-11-30 |
| Warburg Research (Oliver Schwarz) | 99.00 | 95.00 | 4.2% | -2.1% | Hold | Buy | Yes | 2020-11-25 |
| | ||||||||
| Current | Up-/Downside | |
|---|---|---|
| Price, last closing | 101.15 | |
| Number of Estimates | 26 | |
| Highest | 136.00 | 34.5% |
| Consensus | 106.62 | 5.4% |
| Median | 104.00 | 2.8% |
| Lowest | 85.00 | -16.0% |
| # Current | Of Total | |
|---|---|---|
| Positive | 10 | 37.0% |
| Neutral | 12 | 44.4% |
| Negative | 5 | 18.5% |
| 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.
