Berenberg Equity Research

NewRiver REIT plc, Real Estate, PT GBp 385 (no change)


Optimism justified

Boozt AB, General Retail, PT SEK 85.00 (75.00)


Strong momentum: up to Buy

ESI Group SA, Software & IT Services, PT EUR 70.00 (no change)


Getting back on track, salesforce transformation underway

NewRiver REIT plc, Real Estate, PT GBp 385 (no change)


Stable dividend maintained

Compass Group plc, Leisure, PT GBp 1,800 (no change)


Another solid set of results

Cosmo Pharmaceuticals NV, Pharmaceuticals, PT CHF 238.00 (239.00)


Validation

BAT plc, Tobacco, PT GBP 55.75 (55.00)


Reflecting the changing world

QinetiQ plc, Aerospace & Defence, PT GBp 235 (310)


Time to dive in; up to Buy

BASF SE, Chemicals, PT EUR 106.00 (96.00)


The empire strikes back; up to Buy

Food Manufacturing, Food Manufacturing


Artificial meat casings: the wurst is now over

Eckoh plc, Software & IT Services, PT GBp 65 (no change)


US shining through

Abcam plc, Biotechnology, PT GBp 1,240


Positive incremental news flow

News: Berenberg

Elite Report: Berenberg “Best Asset Manager
BERENBERG | 21.11.2017
Elite Report: Berenberg “Best Asset Manager" once again in 2018
Berenberg prize for corporate responsibility goes to Orthomol
BERENBERG | 15.11.2017
Berenberg prize for corporate responsibility goes to Orthomol
Berenberg appoints Lars Albert as Head of Sales Asset Management
BERENBERG | 02.11.2017
Berenberg appoints Lars Albert as Head of Sales Asset Management
EUROPEAN EQUITIES: PROFIT GROWTH CONTINUES TO DRIVE THE RALLY
BERENBERG | 02.11.2017
EUROPEAN EQUITIES: PROFIT GROWTH CONTINUES TO DRIVE THE RALLY
Global Private Banking Awards 2017: Berenberg “Best Private Bank in Germany” for the seventh time in a row
BERENBERG | 27.10.2017
Global Private Banking Awards 2017: Berenberg “Best Private Bank in Germany” for the seventh time in a row
Berenberg to set up two new equity funds with Peter Kraus with a focus on European second-tier stocks
BERENBERG | 11.10.2017
Berenberg to set up two new equity funds with Peter Kraus with a focus on European second-tier stocks
Berenberg launches two new Europe-focused equity funds with Matthias Born
BERENBERG | 04.10.2017
Berenberg launches two new Europe-focused equity funds with Matthias Born
ROBUST START TO THE END-OF-YEAR RUSH – BONDS FROM EMERGING ECONOMIES REMAIN ATTRACTIVE
BERENBERG | 28.09.2017
ROBUST START TO THE END-OF-YEAR RUSH – BONDS FROM EMERGING ECONOMIES REMAIN ATTRACTIVE
Henning Gebhardt receives Sauren Golden Award 2017
BERENBERG | 08.09.2017
Henning Gebhardt receives Sauren Golden Award 2017
Additional shipping loan portfolio for Berenberg
BERENBERG | 05.09.2017
Additional shipping loan portfolio for Berenberg
Market Commentary: Small and Medium-Size German Companies
BERENBERG | 23.08.2017
Market Commentary: Small and Medium-Size German Companies
Berenberg brand ambassador Langer wins third major in 2017
BERENBERG | 31.07.2017
Berenberg brand ambassador Langer wins third major in 2017
Equity Capital Markets - Berenberg successful in ECM transactions
BERENBERG | 26.07.2017
Equity Capital Markets - Berenberg successful in ECM transactions
Berenberg and Henning Gebhardt are launching an equities fund
BERENBERG | 22.06.2017
Berenberg and Henning Gebhardt are launching an equities fund
Berenberg/HWWI study: The market for digital payment systems is growing – Germany is in last place when it comes to mobile payment usage
BERENBERG | 13.06.2017
Berenberg/HWWI study: The market for digital payment systems is growing – Germany is in last place when it comes to mobile payment usage
Berenberg hires star fund manager Matthias Born
BERENBERG | 27.04.2017
Berenberg hires star fund manager Matthias Born
Tom Watson becomes Berenberg brand ambassador
BERENBERG | 12.04.2017
Tom Watson becomes Berenberg brand ambassador
Berenberg’s net profit for the year increases by 56% to €161 million
BERENBERG | 07.02.2017
Berenberg’s net profit for the year increases by 56% to €161 million
Berenberg is
BERENBERG | 02.11.2016
Berenberg is "Best Private Bank in Germany"

News: Economics

FOUR GERMAN QUESTIONS
ECONOMICS | 20.11.2017
FOUR GERMAN QUESTIONS
GERMANY: THE BEST OF THE GOLDEN DECADE
ECONOMICS | 14.11.2017
GERMANY: THE BEST OF THE GOLDEN DECADE
EUROZONE GROWTH: EVEN ITALY AND PORTUGAL ARE HELPING
ECONOMICS | 14.11.2017
EUROZONE GROWTH: EVEN ITALY AND PORTUGAL ARE HELPING
TIME TO WORRY? OIL PRICES AND GEOPOLITICAL RISKS
ECONOMICS | 10.11.2017
TIME TO WORRY? OIL PRICES AND GEOPOLITICAL RISKS
SHOULD THE ECB STILL RELY ON THE PHILLIPS CURVE?
ECONOMICS | 03.11.2017
SHOULD THE ECB STILL RELY ON THE PHILLIPS CURVE?
BOND YIELDS: WHAT HAPPENS WHEN EASY MONEY ENDS?
ECONOMICS | 20.10.2017
BOND YIELDS: WHAT HAPPENS WHEN EASY MONEY ENDS?
THE POWER OF MONEY: STABLE UPSWING AHEAD
ECONOMICS | 13.10.2017
THE POWER OF MONEY: STABLE UPSWING AHEAD
NOTES ON THE INFLATION PUZZLE
ECONOMICS | 06.10.2017
NOTES ON THE INFLATION PUZZLE
THE BERENBERG GUIDE TO THE GERMAN ELECTION
ECONOMICS | 21.09.2017
THE BERENBERG GUIDE TO THE GERMAN ELECTION
THE BOE'S JOB IS DONE: IT IS TIME FOR RATE HIKES
ECONOMICS | 01.09.2017
THE BOE'S JOB IS DONE: IT IS TIME FOR RATE HIKES

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Our Departments

Over 1,500 employees assist our clients with first-class services and profound know-how in four business divisions.

WEALTH MANAGEMENT

WEALTH MANAGEMENT

What is excellent wealth management? To us it means providing comprehensive support to you as a high-net-worth individual and your relatives – in all areas which directly or indirectly impact your financial situation.

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Asset Management

Asset Management

Berenberg Asset Management offers private and institutional investors innovative concepts and professional risk management strategies. Our experts develop solutions that are specifically configured for your needs and address your return, risk and liquidity goals, focussing preferentially on selected areas where we have especially deep knowledge.

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Investment Banking

Investment Banking

Berenberg’s investment banking activities cover a broad range of services.

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Corporate Banking

Corporate Banking

Berenberg embodies high-quality and independent advice, mutual trust as well as fast and reliable decision-making.

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Founded in 1590 – Berenberg is the second-oldest bank in the world

Private bank Berenberg traces its roots back to the year 1590. It is thus not only one of the oldest banks in the world, it has also seen a highly dynamic development in the past few years.

Golf

Berenberg’s brand ambassadors can look back on a successful performance. Taken together, the team of seven has so far won 22 majors and 29 senior majors. The most recent successes in 2017: Bernhard Langer won his tenth major at the British Senior Open and Branden Grace, at the Open Championships, shot the lowest round ever played at a major.
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Investor Warning

We have been made aware that certain members of the public have been approached by fraudsters and scammers purporting to work for Berenberg, to try to convince people to make bogus Investments (Clone firm). Under false pretences, these criminals obtain personal data for opening an account and request that investors transfer money in advance to secure their purchase. Please note that Berenberg does not deal with people solely via email, telephone or social media. Thus, please note that Berenberg can only be reached through the contact data that are stored on this homepage. In the light of recent developments we would like to point out that there is no relation between Berenberg and “berenberg-loyal“. If in doubt, please contact ComplianceAML@berenberg.de.

US Residents

Our services are not available to US persons that Berenberg cannot serve through its US broker-dealer affiliate Berenberg Capital Markets LLC, Boston, MA under the Rule 15a-6 of the US Securities Exchange Act of 1934.

Locations

USA EUROPE
STAMMHAUS HAMBURG
Amelie Eichblatt
Telefon +49 40 350 60-8182

Hamburg

Neuer Jungfernstieg 20
20354 Hamburg
Phone +49 40 350 60-0

Münster

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48143 Münster
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Boston MA 02109
Phone +1 617 292-8200

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Chicago, IL 60611
Phone +1 312-754-6050

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40474 Düsseldorf

Frankfurt

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60325 Frankfurt am Main
Phone +49 69 91 30 90-0

London

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London EC2R 8HP
Phone +44 20 3207-7800

Luxembourg

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6776 Grevenmacher
Phone +352 46 63 80-1

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80539 Munich
Phone +49 89 25 55 12-0

New York

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New York, NY 10019
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San Francisco, CA 94105
Phone +1 415-802-2520

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70173 Stuttgart
Phone +49 711 490 44 90-30

Vienna

Schottenring 12, 1. DG
1010 Vienna
Phone +43 1 227 57-0

Zurich

Kreuzstrasse 5
8008 Zurich
Phone +41 44 284-2020

Representative Office Zurich

Freischützgasse 10
8004 Zurich
Phone +41 44 283-2020

Geneva

29, Quai du Mont-Blanc
1201 Geneva
Phone +41 22 308 59-00