Banks revise targets and ratings for a range of U.K. stocks
Berenberg, Bernstein, Deutsche Bank, Jefferies, JPMorgan and RBC adjusted targets or ratings for several U.K. companies.
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what happened
According to dpa-AFX, investment banks updated their views on U.K. equities on the morning of October 12, 2026. Berenberg lowered its target for SSP Group to 225 pence from 245 pence while retaining a “buy” rating. Bernstein reduced its Diageo target to 2440 pence from 2490 pence and kept its “outperform” assessment.
Deutsche Bank Research cut the Johnson Service Group target to 200 pence from 210 pence, with the stock still rated “buy”. For Pennon Group, the bank downgraded the shares to “hold” from “buy” and reduced the target to 380 pence from 550 pence. Jefferies lowered its Intermediate Capital Group target to 2700 pence from 2800 pence, maintaining “buy”.
JPMorgan trimmed its National Grid target to 1310 pence from 1440 pence and kept an “overweight” rating. RBC upgraded Standard Life to “outperform” from “sector perform”, while cutting its target to 950 pence from 970 pence. dpa-AFX Wirtschaftsnachrichten GmbH said it accepts no responsibility for the accuracy of the information.
why it matters
The revisions show how analysts are reassessing individual U.K. companies, with both ratings and price targets changing. Such updates can affect investor sentiment toward the shares, but they do not guarantee any particular market outcome.
instruments
sources
- dpa-AFX Overview: Analyst recommendations on U.K. stocks — dpa-AFX, 12 October 2026 at 09:16 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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