Berendsen Broker Ratings (BRSN)

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Date	Broker	Recommendation	Old Target	New Target	Rating Type
04-Mar-14	RBC Capital Markets	Neutral	900.00	1,030.00	Downgrade
04-Mar-14	Panmure Gordon	Hold	917.00	982.00	Reiteration
04-Mar-14	Credit Suisse	Outperform	1,100.00	1,125.00	Reiteration
03-Mar-14	JP Morgan Cazenove	Overweight	1,023.00	1,089.00	Reiteration
17-Feb-14	Seymour Pierce	Hold	900.00	900.00	Reiteration
05-Feb-14	JP Morgan Cazenove	Overweight	-	-	Reiteration
20-Jan-14	Seymour Pierce	Hold	900.00	900.00	Reiteration
18-Dec-13	Panmure Gordon	Hold	761.00	917.00	Reiteration
17-Dec-13	Credit Suisse	Outperform	1,100.00	1,100.00	Reiteration
05-Nov-13	Credit Suisse	Outperform	975.00	1,100.00	Reiteration
16-Sep-13	Citigroup	Sell	600.00	660.00	Reiteration
12-Sep-13	Investec Securities	Add	828.00	958.00	Downgrade
28-Aug-13	UBS	Neutral	750.00	900.00	Reiteration
27-Aug-13	JP Morgan Cazenove	Overweight	1,023.00	1,023.00	Reiteration
27-Aug-13	HSBC	Neutral	745.00	900.00	Reiteration
23-Aug-13	UBS	Neutral	750.00	750.00	Reiteration
23-Aug-13	Investec Securities	Buy	828.00	828.00	Reiteration
24-Jul-13	RBC Capital Markets	Outperform	900.00	900.00	Reiteration
03-Jul-13	JP Morgan Cazenove	Overweight	-	-	Reiteration
02-Jul-13	Investec Securities	Buy	828.00	828.00	Upgrade
10-Jun-13	JP Morgan Cazenove	Overweight	-	-	Reiteration
07-Jun-13	Seymour Pierce	Hold	770.00	770.00	Reiteration
25-Apr-13	Investec Securities	Add	828.00	828.00	Reiteration
13-Mar-13	HSBC	Neutral	630.00	745.00	Reiteration
08-Mar-13	UBS	Neutral	650.00	700.00	Reiteration
08-Mar-13	Canaccord Genuity	Hold	505.00	685.00	Reiteration