Europe Research Roundup: AstraZeneca, GSK, Kingspan Group

Serica Energy

09/09/2026 08:55

Sept 9 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including AstraZeneca, GSK and Kingspan Group, on Wednesday. 

HIGHLIGHTS   
* AstraZeneca AZN.L: RBC initiates coverage with outperform rating
* GSK GSK.L: RBC initiates coverage with target price 1975p 
* Kingspan Group Plc KSP.I: JP Morgan raises to overweight from neutral
* Serica Energy Plc SQZ.L: Jefferies reinstates coverage with price target 320p  
* Roche Holding AG ROPC.S: RBC initiates coverage with target price CHF 400   

Following is a summary of research actions on European companies reported by Reuters on Wednesday. Stock entries are in alphabetical order. 


* Adecco ADEN.S: Deutsche Bank raises target price to CHF 32 from CHF 22 
* Aker BP AKRBP.OL: BofA Global Research raises price objective to NOK 210 from NOK 200 
* Anglo American AAL.L: Bernstein raises target price to 2800p from 2500p 
* Antofagasta ANTO.L: Bernstein cuts target price to 2600p from 2850p 
* ASMI ASMI.AS: Berenberg raises target price to EUR 1200 from EUR 1140 
* AstraZeneca AZN.L: RBC initiates coverage with outperform rating
* AstraZeneca AZN.L: RBC initiates coverage with target price 14500p 
* Baltic Classifieds Group BCG.L: Barclays cuts target price to 287p from 24500p 
* Beiersdorf BEIG.DE: Deutsche Bank cuts to sell from hold 
* Boliden BOL.ST: Bernstein cuts target price to SEK 475 from SEK 520 
* BP BP.L: BofA Global Research raises price objective to 500p from 460p 
* Burberry BRBY.L: HSBC cuts to hold from buy; cuts target price to 1200p from 1350p 
* Coloplast COLOb.CO: JP Morgan cuts target price to DKK 377 from DKK 484 
* Coloplast COLOb.CO: JP Morgan cuts to underweight from neutral
* Computacenter Plc CCC.L: Berenberg raises target price to 6,500p from 5,300p 
* Computacenter Plc CCC.L: BofA Global Research raises price objective to 6610p from 6014p 
* Crest Nicholson CRST.L: Deutsche Bank cuts target price to 65p from 79p 
* Danone DANO.PA: Deutsche Bank cuts target price to EUR 61 from EUR 63 
* Derichebourg DBG.PA: TP ICAP Midcap raises target price to €11.3 from €11.0; rating buy 
* Dunelm DNLM.L: Deutsche Bank cuts target price to 1000p from 1050p 
* Dunelm Group Plc DNLM.L: Barclays cuts target price to 975p from 1150p 
* Dunelm Group Plc DNLM.L: JP Morgan cuts target price to 1050p from 1225p 
* Equinor EQNR.OL: BofA Global Research raises price objective to NOK 400 from NOK 365 
* Everplay Group Plc EVPL.L: Panmure Liberum raises target price to 325p from 245p 
* Everplay Group Plc EVPL.L: Panmure Liberum raises to buy from hold
* Fope S.P.A: FOPE.MI: TP ICAP Midcap initiates coverage with buy rating; target price €70 
* Glencore GLEN.L: Bernstein cuts target price to 470p from 485p 
* GSK GSK.L: RBC initiates coverage with sector perform rating
* GSK GSK.L: RBC initiates coverage with target price 1975p 
* GYM Group Plc GYM.L: Peel Hunt raises target price to 265p from 250p 
* Haleon HLN.L: Deutsche Bank cuts target price to 320p from 335p
* Hammerson HMSO.L: Barclays raises target price to 430p from 420p 
* Hannover Rueck SE HNRGn.DE: Jefferies cuts target price to EUR 325 from EUR 360 
* Harbour Energy Plc HBR.L: BofA Global Research raises PT to 280p from 250p 
* Hays HAYS.L: Deutsche Bank raises target price to 95p from 60p 
* Hemnet HEM.ST: Morgan Stanley cuts target price to SEK 110 from SEK 120 
* Henkel HNKG_p.DE: Deutsche Bank raises target price to EUR 81 from EUR 76 
* Hermes HRMS.PA: HSBC cuts target price to EUR 1650 from EUR 1870 
* IAG ICAG.L: BofA Global Research cuts price objective to 550p from 570p 
* ISS A/S ISS.CO: UBS raises target price to DKK 295 from DKK 280 
* Ithaca Energy Plc ITH.L: BofA Global Research raises price objective to 295p from 285p 
* JCDecaux JCDX.PA: JP Morgan raises target price to EUR 34 from EUR 30 
* Kering PRTP.PA: HSBC cuts target price to EUR 305 from EUR 340 
* Kingspan Group Plc KSP.I: JP Morgan raises target price to EUR 130 from EUR 95 
* Kingspan Group Plc KSP.I: JP Morgan raises to overweight from neutral
* Lindt & Sprungli LISN.S: UBS cuts target price to CHF 125000 from CHF 137000 
* LVMH LVMH.PA: HSBC cuts to hold from buy; cuts target price to EUR 490 from EUR 600 
* Michael Page PAGE.L: Deutsche Bank raises target price to 355p from 210p 
* Moncler MONC.MI: HSBC cuts target price to EUR 60 from EUR 67 
* Mondi MNDI.L: Goldman Sachs raises target price to 860p from 780p 
* Mortgage Advice Bureau (Holdings) Plc MAB1.L: Peel Hunt cuts target price to 1000p from 1250p 
* NN Group N.V. NN.AS: ING cuts to hold from buy
* NN Group N.V. NN.AS: ING raises target price to EUR 74 from EUR 62 
* Nordic Semiconductor NOD.OL: BofA Global Research raises price objective to NOK 245 from NOK 222 
* Novartis NOVN.S: Deutsche Bank cuts target price to CHF 120 from CHF 140 
* Novartis NOVN.S: Deutsche Bank cuts to hold from buy 
* Novartis AG NOVN.S: Citigroup cuts target price to CHF 135 from CHF 142 
* Novartis AG NOVN.S: RBC initiates coverage with sector perform rating
* Novartis AG NOVN.S: RBC initiates coverage with target price CHF 120 
* Oxford Biomedica Plc OXB.L: Peel Hunt cuts target price to 778p from 846p
* Randstad RAND.AS: Deutsche Bank raises target price to EUR 42 from EUR 32 
* Richemont CFR.S: HSBC raises target price to CHF 225 from CHF 215 
* Robert Walters RWA.L: Deutsche Bank raises target price to 160p from 100p 
* Robert Walters RWA.L: Deutsche Bank raises to buy from hold 
* Roche Holding AG ROPC.S: RBC initiates coverage with outperform rating
* Roche Holding AG ROPC.S: RBC initiates coverage with target price CHF 400 
* Sanofi SASY.PA: RBC initiates coverage with sector perform rating
* Sanofi SASY.PA: RBC initiates coverage with target price EUR 80 
* Serica Energy Plc SQZ.L: BofA Global Research raises price objective to 230p from 220p 
* Serica Energy Plc SQZ.L: Jefferies reinstates coverage with buy rating
* Serica Energy Plc SQZ.L: Jefferies reinstates coverage with price target 320p 
* Shell SHEL.L: BofA Global Research raises price objective to 3550p from 3400p 
* Societe Generale SOGN.PA: Deutsche Bank raises target price to EUR 86 from EUR 81 
* Sodexo EXHO.PA: Citigroup raises target price to EUR 60 from EUR 59 
* Standard Life Plc SDLF.L: Morgan Stanley raises target price to 990p from 980p 
* SThree Plc STEMS.L: Deutsche Bank raises target price to 360p from 260p 
* THE Magnum ICE Cream Company MICCT.AS: Deutsche Bank ups PT to EUR 15.5 from EUR 13.5 
* The Swatch Group AG UHR.S: HSBC cuts target price to CHF 175 from CHF 190 
* Ubisoft UBIP.PA: Morgan Stanley assumes coverage with equal weight rating 
* Ubisoft UBIP.PA: Morgan Stanley assumes coverage with target price EUR 5.4 vs EUR 5.1 
* Vend Marketplaces ASA VEND.OL: Morgan Stanley cuts PT to NOK 275 from NOK 320 
* Vend Marketplaces ASA VEND.OL: Morgan Stanley cuts to equal weight from overweight 
* Victrex Plc VCTX.L: JP Morgan raises target price to 785p from 625p 
* Vivendi VIV.PA: Deutsche Bank cuts target price to EUR 1.8 from EUR 2.5 
* Wizz Air WIZZ.L: BofA Global Research cuts price objective to 750p from 860p 

 (Compiled by Bengaluru Newsroom)
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