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Recent Broker Ratings for Espirito Santo Execution

Banco Espirito Santo (BES) was a Portuguese bank based in Lisbon that on 4 August 2014 was split in two bank. It once was the second-largest listed Portuguese bank and the ninth-largest contributor to the PSI-20 index. BES was the second-largest private financial institution in Portugal in terms of net assets (€80,700 million in March 2011), with an average market share of 20.3% in Portugal and 2.1 million clients.

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Date Company Rating Old Target New Target Change
16-Apr-13Tesco (TSCO)Sell275.00310.00Reiteration
16-Apr-13WPP (WPP)Buy1,360.001,360.00Reiteration
15-Apr-13Assura (AGR)Buy38.0038.00Reiteration
15-Apr-13Hammerson (HMSO)Neutral533.00533.00Reiteration
15-Apr-13INTU.L (INTU)Sell295.00295.00Reiteration
15-Apr-13Primary Health (PHP)Neutral329.00329.00Reiteration
12-Apr-13AGK.L (AGK)Buy2,350.002,350.00Reiteration
11-Apr-13Hays (HAS)Neutral85.0085.00Reiteration
11-Apr-13Marks & Spencer (MKS)Sell310.00310.00Reiteration
11-Apr-13MRW.L (MRW)Sell230.00230.00Reiteration
11-Apr-13Sainsbury's (SBRY)Neutral350.00350.00Reiteration
11-Apr-13STHR.L (STHR)Buy354.00354.00Reiteration
10-Apr-13ATK.L (ATK)Buy1,000.001,000.00Reiteration
10-Apr-13Diageo (DGE)Buy1,860.002,280.00Reiteration
10-Apr-13SAB.L (SAB)Neutral2,860.003,520.00Reiteration
10-Apr-13Unilever (ULVR)Neutral2,430.002,730.00Reiteration
10-Apr-13Vodafone (VOD)Buy200.00200.00Reiteration
09-Apr-13BT (BT.A)Neutral250.00250.00Reiteration
09-Apr-13Firstgroup (FGP)Sell170.00170.00Reiteration
09-Apr-13Gulfsands Petroleum (GPX)Hold150.00150.00Reiteration
09-Apr-13Rentokil Initial (RTO)Buy115.00115.00Reiteration
09-Apr-13SMP.L (SMP)Buy279.00279.00Reiteration
05-Apr-13Halfords (HFD)Buy350.00350.00Reiteration
05-Apr-13Mothercare (MTC)Sell145.00145.00Reiteration
05-Apr-13Wh Smith (SMWH)Buy720.00720.00Reiteration
04-Apr-13Tesco (TSCO)Sell275.00275.00Reiteration
03-Apr-13Babcock (BAB)Neutral945.00945.00Reiteration
03-Apr-13CAPC.L (CAPC)Neutral263.00263.00Reiteration
03-Apr-13GPOR.L (GPOR)Neutral472.00472.00Reiteration
03-Apr-13HSBC Holdings (HSBA)Buy800.00800.00Reiteration
03-Apr-13IG (IGG)Buy639.00639.00Reiteration
03-Apr-13ITV (ITV)Sell76.0076.00Reiteration
03-Apr-13Marks & Spencer (MKS)Sell310.00310.00Reiteration
03-Apr-13Serco (SRP)Buy710.00710.00Reiteration
02-Apr-13APR.L (APR)Sell680.00680.00Downgrade
02-Apr-13IAP.L (IAP)Sell270.00270.00Reiteration
02-Apr-13Vodafone (VOD)Buy200.00200.00Reiteration
27-Mar-13Big Yellow (BYG)Neutral376.00376.00Reiteration
27-Mar-13Mears (MER)Neutral285.00338.00Reiteration
27-Mar-13PFL.L (PFL)Buy213.00250.00Reiteration
27-Mar-13Safestore (SAFE)Buy130.00130.00Upgrade
27-Mar-13Sainsbury's (SBRY)Neutral250.00250.00Reiteration
27-Mar-13Topps Tiles (TPT)Buy55.0055.00Reiteration
26-Mar-13Compass Group (CPG)Neutral750.00750.00Reiteration
26-Mar-13easyJet (EZJ)Buy1,025.001,025.00Reiteration
26-Mar-13Firstgroup (FGP)Sell170.00170.00Reiteration
26-Mar-13GOG.L (GOG)Buy1,700.001,700.00Reiteration
26-Mar-13NEX.L (NEX)Buy230.00230.00Reiteration
26-Mar-13Primary Health (PHP)Neutral306.00329.00Reiteration
26-Mar-13XCH.L (XCH)Buy160.00160.00Reiteration
25-Mar-13ADN.L (ADN)Neutral385.00385.00Reiteration
25-Mar-13Diploma (DPLM)Buy604.00604.00Reiteration
25-Mar-13IAP.L (IAP)Sell270.00270.00Reiteration
25-Mar-13Kingfisher (KGF)Buy300.00300.00Reiteration
25-Mar-13LSE.L (LSE)Buy1,315.001,315.00Reiteration
25-Mar-13Tesco (TSCO)Sell275.00275.00Reiteration
22-Mar-13British Land (BLND)Neutral603.00603.00Reiteration
22-Mar-13HSV.L (HSV)Sell210.00210.00Reiteration
21-Mar-13Smiths Group (SMIN)Neutral960.001,220.00Reiteration
20-Mar-13ASOS (ASC)Sell1,200.001,200.00Reiteration
20-Mar-13DXNS.L (DXNS)Neutral30.0030.00Reiteration
20-Mar-13Greggs (GRG)Neutral450.00450.00Reiteration
20-Mar-13IQE (IQE)Buy55.0055.00Reiteration
20-Mar-13Unite (UTG)Buy319.00371.00Reiteration
20-Mar-13Vodafone (VOD)Buy200.00200.00Reiteration
19-Mar-13ARM.L (ARM)Neutral920.00920.00Reiteration
19-Mar-13Barclays (BARC)Buy418.00418.00Reiteration
19-Mar-13BHP Billiton PLC (BLT)Sell-1,703.00New Coverage
19-Mar-13HSBC Holdings (HSBA)Buy800.00800.00Reiteration
19-Mar-13Mears (MER)Neutral285.00285.00Reiteration
19-Mar-13MRW.L (MRW)Sell230.00230.00Reiteration
19-Mar-13Sainsbury's (SBRY)Neutral350.00350.00Reiteration
19-Mar-13Standard Chartered (STAN)Buy1,970.001,970.00Reiteration
14-Mar-13Inchcape (INCH)Neutral460.00510.00Downgrade
14-Mar-13Savills (SVS)Neutral550.00550.00Reiteration
13-Mar-13British Land (BLND)Neutral590.00603.00Reiteration
13-Mar-13GFS.L (GFS)Neutral265.00265.00Reiteration
13-Mar-13Tesco (TSCO)Sell275.00275.00Reiteration
12-Mar-13IG (IGG)Buy510.00510.00Reiteration
11-Mar-13Barclays (BARC)Buy418.00418.00Reiteration
11-Mar-13GPOR.L (GPOR)Neutral472.00472.00Reiteration
11-Mar-13Hammerson (HMSO)Neutral525.00533.00Reiteration
11-Mar-13HSTN.L (HSTN)Neutral76.0076.00Reiteration
11-Mar-13INTU.L (INTU)Sell320.00295.00Reiteration
11-Mar-13Lloyds (LLOY)Sell48.0048.00Reiteration
11-Mar-13RBS.L (RBS)Sell320.00320.00Reiteration
11-Mar-13Segro (SGRO)Neutral247.00247.00Reiteration
07-Mar-13AGK.L (AGK)Neutral1,700.001,700.00Reiteration
07-Mar-13BT (BT.A)Neutral250.00250.00Reiteration
07-Mar-13IAP.L (IAP)Sell270.00270.00Reiteration
07-Mar-13LSE.L (LSE)Buy1,315.001,315.00Reiteration
07-Mar-13Novae Group (NVA)Buy439.00439.00Reiteration
07-Mar-13Vodafone (VOD)Buy200.00200.00Reiteration

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