Research ratings and price targets
The following table lists current ratings and price targets with respective dates for companies covered by Davy Research. Where a rating or price target has been updated in the previous 12 months, we also show the previous and its date of issue.
We indicate where a rating is currently 'under review', 'suspended' or 'restricted'. An explanation of our ratings is provided below.
Investment ratings
Davy ratings are indicators of the expected performance of the stock relative to its sector index (FTSE E300) over the next 12 months. At times, the performance might fall outside the general ranges stated below due to near-term events, market conditions, stock volatility or - in some cases - company-specific issues. Research reports and ratings should not be relied upon as individual investment advice. As always, an investor's decision to buy or sell a security must depend on individual circumstances, including existing holdings, time horizons and risk tolerance.
- Outperform: Outperforms the relevant E300 sector by 10% or more over the next 12 months.
- Neutral: Performs in-line with the relevant E300 sector (+/-10%) over the next 12 months.
- Underperform: Underperforms the relevant E300 sector by 10% or more over the next 12 months.
- Under Review: Rating is actively under review.
- Suspended: Rating is suspended until further notice.
- Restricted: Davy is currently unable to provide a rating for this security. This is due to market events, corporate change or other circumstances.
The ratings table also indicates if Davy has provided certain material investment banking services to any company under coverage in the past 12 months. The term 'material investment banking services' includes Davy acting as broker as well as the provision of corporate finance services, such as underwriting and managing or advising on a public offer.
The list of individual ratings is updated each Monday, except for public holidays, when it is updated on the following Tuesday.
Also provided is a summary of our ratings for all companies under research coverage, including those companies under coverage to which Davy has provided material investment banking services in the previous 12 months. This summary is updated on a quarterly basis.
Please note that the table of individual stocks below is updated on an ongoing basis, while the quarterly summary table is updated at the end of each quarter.
Please click here for other important disclosures.
If you require further information, please contact researchoperations@davy.ie.
Material investment banking services/past 12 months
Rating | Count | Percent | Count (past 12 months) | Percent (past 12 months) |
---|---|---|---|---|
Outperform | 76 | 65 | 25 | 93 |
Neutral | 38 | 33 | 2 | 7 |
Underperform | 1 | 1 | 0 | 0 |
Under Review | 0 | 0 | 0 | 0 |
Suspended | 0 | 0 | 0 | 0 |
Restricted | 1 | 1 | 0 | 0 |
Research ratings and price targets
STOCK | ANALYST(S) | RATINGS* | DATE OF ISSUE |
HISTORIC MARKET PRICE** |
PRICE TARGET** | DATE OF ISSUE |
---|---|---|---|---|---|---|
AerCap | Ross Harvey | Outperform | 27/06/17 | 5623USc | 7600USc | 31/03/21 |
AIB Group | Diarmaid Sheridan/Antonio Duarte | Outperform | 23/01/19 | 374c | 463c | 20/03/23 |
Air France KLM | Stephen Furlong/Eleanor Walsh | Outperfrom | 17/05/23 | 1520c | 230c | 17/05/23 |
Neutral | 12/01/23 | 170c | 130c | 12/01/23 | ||
AO World Plc | David Reynolds/Alex Short | Neutral | 22/09/21 | 65p | 50p | 09/08/22 |
ARYZTA | Gary Martin | Neutral | 30/11/18 | 155chf | 98chf | 20/10/22 |
ASOS Plc | David Reynolds/James Musker | Neutral | 29/09/21 | 821p | 1140p | 09/08/22 |
Associated British Foods | Gary Martin/Cathal Kenny | Outperform | 05/07/11 | 1940p | 1600p | 21/10/22 |
Auto Trader Group | David Reynolds/James Musker | Neutral | 24/01/22 | 616p | 470p | 06/07/22 |
Auto1 Group | David Reynolds/Alex Short | Neutral | 09/02/22 | 652p | 1400p | 06/07/22 |
Baltic Classifieds Group | David Reynolds/James Musker | Neutral | 09/08/22 | 155p | 100p | 09/08/22 |
Bank of Ireland | Diarmaid Sheridan/Antonio Duarte | Outperform | 11/03/13 | 932c | 1334c | 20/03/23 |
Barratt Developments | Colin Sheridan | Outperform | 25/06/20 | 467p | 753p | 05/02/21 |
Barryroe Offshore Energy | Colin Grant/Hammad Anwar | Outperform | 09/06/11 | 2p | 22p | 04/10/17 |
Bellway | Colin Sheridan | Outperform | 24/03/14 | 2207p | 2926p | 01/09/20 |
Berkeley Group | Colin Sheridan | Underperform | 10/09/13 | 4197p | 3995p | 24/06/20 |
boohoo group plc | David Reynolds/James Musker | Outperform | 22/09/21 | 60p | 125p | 09/08/22 |
Breedon Group | Ross Harvey | Outperform | 22/11/19 | 77p | 120p | 27/07/21 |
Buzzi Unicem | Ross Harvey | Outperform | 04/04/16 | 2236c | 2600c | 30/03/21 |
C&C | Cathal Kenny | Outperform | 07/01/15 | 157p | 300p | 20/10/22 |
Cairn Homes | Colin Sheridan | Outperform | 20/04/16 | 102c | 174c | 14/03/23 |
Carvana | David Reynolds/Alex Short | Neutral | 09/02/22 | 979USc | 3600USc | 06/07/22 |
Cazoo | David Reynolds/James Musker | Neutral | 08/09/21 | 249USc | 167USc | 06/07/22 |
Corbion | Cathal Kenny | Neutral | 29/04/11 | 3024c | 2760c | 20/10/22 |
Corre Energy | Colin Grant/Hammad Anwar | Outperform | 21/10/21 | 330c | 320c | 07/10/22 |
Cranswick | Gary Martin/Cathal Kenny | Outperform | 09/11/16 | 3004p | 2350p | 09/11/16 |
CRH | Ross Harvey | Outperform | 23/05/12 | 4648c | 6100c | 03/05/23 |
CVS Group | Colin Grant/Hammad Anwar | Outperform | 09/03/21 | 1855p | 2700p | 23/09/21 |
Dalata Hotel Group | Paul Ruddy | Outperform | 09/09/14 | 419c | 625c | 26/04/23 |
580c | 17/02/23 | |||||
Danone | Cathal Kenny | Neutral | 15/10/21 | 5731c | 5680c | 20/10/22 |
Darktrace | David Reynolds/Alex Short | Neutral | 11/08/22 | 258p | 250p | 03/02/23 |
Datalex | David Reynolds/Ross Harvey | Outperform | 08/06/22 | 52c | 40c | 28/03/23 |
DCC | Colin Grant/Hammad Anwar | Outperform | 30/06/09 | 4718p | 9000p | 18/05/21 |
Deliveroo plc | David Reynolds/Alex Short | Outperform | 18/01/22 | 92p | 125p | 20/03/23 |
Delivery Hero | David Reynolds/Alex Short | Outperform | 18/01/22 | 3137c | 6000c | 06/07/22 |
Dole | Gary Martin/Cathal Kenny | Outperform | 24/08/21 | 1174USc | 1446USc | 15/03/23 |
DoorDash Inc | David Reynolds/Alex Short | Neutral | 18/01/22 | 6356USc | 5000USc | 06/07/22 |
DraftKings | Paul Ruddy | Neutral | 23/03/21 | 1936USc | 2250USc | 18/10/22 |
DSM-Firmenich | Cathal Kenny | Outperform | 09/10/20 | 10870c | 13470c | 28/03/23 |
DS Smith | Justin Jordan | Outperform | 23/01/23 | 315p | 375p | 03/04/23 |
easyJet | Stephen Furlong/Eleanor Walsh | Outperform | 24/01/22 | 518p | 600p | 17/05/23 |
500p | 12/01/23 | |||||
ENGAGE XR | David Reynolds | Outperform | 07/12/18 | 3p | 10p | 24/01/20 |
Entain | Paul Ruddy | Neutral | 13/12/17 | 1257p | 1650p | 18/10/22 |
Ergomed | Colin Grant/Hammad Anwar | Outperform | 22/09/22 | 1022p | 1325p | 22/09/22 |
Esken | Stephen Furlong/Eleanor Walsh | Outperform | 20/10/21 | 5p | 30p | 20/10/21 |
FBD Holdings | Diarmaid Sheridan/Antonio Duarte | Outperform | 01/09/17 | 1355c | 1785c | 13/03/23 |
Flutter Entertainment | Paul Ruddy | Outperform | 08/05/19 | 14630p | 18600p | 18/01/23 |
14500p | 18/10/22 | |||||
Forterra plc | Flor O'Donoghue/Andrea Collins | Neutral | 19/08/16 | 199p | 273p | 16/01/23 |
GB Group | David Reynolds/Alex Short | Outperform | 11/08/22 | 300p | 450p | 22/02/23 |
Genuit Group | Flor O'Donoghue | Neutral | 05/11/21 | 279p | 350p | 16/01/23 |
Givaudan | Cathal Kenny | Outperform | 24/03/20 | 297300chf | 329450chf | 28/03/23 |
Glanbia | Cathal Kenny | Outperform | 11/05/10 | 1336c | 1620c | 20/10/22 |
Glenveagh Properties | Colin Sheridan | Outperform | 10/11/17 | 100c | 162c | 10/03/23 |
Grafton Group | Flor O'Donoghue | Outperform | 07/10/20 | 886p | 1300p | 14/11/22 |
Greencoat Renewables | Michael Mitchell | Outperform | 24/08/17 | 109c | 125c | 09/05/23 |
130c | 18/10/22 | |||||
Greencoat UK Wind | Michael Mitchell | Outperform | 09/05/23 | 160p | 186p | 09/05/23 |
Greencore Group | Gary Martin/Cathal Kenny | Neutral | 13/03/18 | 81p | 333p | 11/11/16 |
Harworth Group | Colin Sheridan/Andrea Collins | Outperform | 19/11/21 | 109p | 213p | 19/11/21 |
Heidelberg Materials | Ross Harvey | Neutral | 04/02/20 | 6726c | 8100c | 04/11/21 |
HelloFresh | David Reynolds/Alex Short | Outperform | 09/02/22 | 2191c | 3500c | 17/02/23 |
Holcim | Ross Harvey | Neutral | 14/01/22 | 5890chf | 6500chf | 30/04/21 |
Hostelworld | David Reynolds/Ross Harvey | Outperform | 15/12/15 | 132p | 150p | 14/05/21 |
Howden Joinery | Flor O'Donoghue | Outperform | 31/03/22 | 698p | 895p | 04/11/22 |
Huhtamaki | Justin Jordan | Neutral | 03/04/23 | 3420c | 3500c | 03/04/23 |
hVIVO | Colin Grant/Hammad Anwar | Restricted | Restricted | 15p | Restricted | Restricted |
IAG | Stephen Furlong/Eleanor Walsh | Outperform | 27/09/22 | 151p | 215p | 17/05/23 |
170p | 12/01/23 | |||||
Ibstock plc | Flor O'Donoghue | Neutral | 04/08/17 | 173p | 206p | 16/01/23 |
IRES REIT | Colin Grant/Hammad Anwar | Outperform | 08/05/15 | 93c | 160c | 03/05/23 |
Irish Continental Group | Stephen Furlong/Eleanor Walsh | Outperform | 30/08/18 | 437c | 700c | 11/05/23 |
ITM Power | Michael Mitchell | Outperform | 23/02/21 | 85p | ||
Just Eat Takeaway.com | David Reynolds/Alex Short | Outperform | 18/01/22 | 1753c | 3000c | 06/07/22 |
Kainos Group plc | David Reynolds/Alex Short | Neutral | 06/09/22 | 1382p | 1200p | 06/09/22 |
Kenmare | Colin Grant/Hammad Anwar | Outperform | 03/08/16 | 470p | 543p | 19/09/17 |
Kerry Group | Cathal Kenny | Outperform | 30/06/09 | 9184c | 11470c | 28/03/23 |
Kingspan Group | Flor O'Donoghue | Outperform | 12/05/11 | 6304c | 8300c | 12/05/23 |
8150c | 21/10/22 | |||||
Lufthansa | Stephen Furlong/Eleanor Walsh | Outperform | 24/01/22 | 1026p | 1200p | 17/05/23 |
1000p | 12/01/23 | |||||
Malin Corporation | Colin Grant/Hammad Anwar | Outperform | 29/09/15 | 690c | 1550c | 15/03/18 |
Marks Electrical Group | David Reynolds/Alex Short | Outperform | 12/01/23 | 84p | 100p | 26/07/22 |
Neutral | 26/07/22 | |||||
Marshalls | Ross Harvey | Neutral | 10/11/21 | 313p | 320p | 16/01/23 |
Mincon Group | Colin Sheridan | Outperform | 14/02/14 | 101c | 135c | 18/05/23 |
Mondi | Justin Jordan | Neutral | 05/05/20 | 1282p | 1400p | 04/05/23 |
1450p | 03/04/23 | |||||
Moonpig | David Reynolds/Alex Short | Neutral | 06/10/21 | 123p | 120p | 21/03/23 |
musicMagpie Plc | David Reynolds/James Musker | Neutral | 29/09/21 | 26p | 35p | 20/01/23 |
Naked Wines | David Reynolds/Alex Short | Neutral | 06/10/21 | 103p | 125p | 01/02/23 |
Norwegian Air | Stephen Furlong/Eleanor Walsh | Neutral | 01/09/15 | 1074nok | 1200nok | 17/051/23 |
850nok | 12/01/23 | |||||
On the Beach | David Reynolds/Alex Short | Outperform | 09/02/23 | 144p | 270p | 09/02/23 |
OnTheMarket | David Reynolds/James Musker | Neutral | 09/08/22 | 70p | 100p | 09/08/22 |
Origin Enterprises | Cathal Kenny | Outperform | 30/06/09 | 413c | 460c | 21/10/22 |
Ormonde Mining | Colin Grant/Hammad Anwar | Outperform | 04/05/11 | 0.75p | 10.7p | 18/02/15 |
Permanent tsb Group | Diarmaid Sheridan/Antonio Duarte | Outperform | 04/02/21 | 231c | 340c | 24/01/23 |
Persimmon | Colin Sheridan | Neutral | 17/08/20 | 1256p | 2380p | 17/08/20 |
Redrow | Colin Sheridan | Neutral | 10/09/13 | 476p | 568p | 01/09/20 |
Rightmove | David Reynolds/James Musker | Outperform | 24/01/22 | 563p | 799p | 24/01/22 |
Ryanair Holdings | Stephen Furlong/Eleanor Walsh | Outperform | 07/12/09 | 1488c | 2200c | 17/05/23 |
2100c | 12/01/23 | |||||
Saint-Gobain Group | Ross Harvey/Flor O'Donoghue | Outperform | 29/01/21 | 5232c | 7200c | 06/08/21 |
SCA | Justin Jordan | Neutral | 03/04/23 | 13645sek | 15000sek | 03/04/23 |
Science in Sport | Gary Martin | Neutral | 30/09/22 | 12p | 75p | 09/03/22 |
Smurfit Kappa Group | Justin Jordan | Outperform | 30/06/09 | 3333c | 4200c | 03/04/23 |
Sosandar | David Reynolds/James Musker | Outperform | 26/07/22 | 24p | 25p | 26/07/22 |
Stelrad | Andrea Collins/Flor O'Donoghue | Outperform | 11/05/23 | 118p | 213p | 11/05/23 |
Stora Enso | Justin Jordan | Outperform | 10/05/23 | 1218c | 1400c | 10/05/23 |
Neutral | 03/04/23 | 1198c | 1300c | 20/04/23 | ||
Symrise | Cathal Kenny | Outperform | 24/03/20 | 10020c | 11440c | 28/03/23 |
Taylor Wimpey | Colin Sheridan | Outperform | 10/09/13 | 119p | 158p | 01/09/20 |
THG | Gary Martin | Outperform | 06/05/21 | 68p | 80p | 20/10/22 |
Travis Perkins | Flor O'Donoghue | Neutral | 28/05/20 | 956p | 935p | 16/01/23 |
Treatt | Cathal Kenny | Neutral | 08/04/21 | 582p | 670p | 28/03/23 |
TRIG | Michael Mitchell | Neutral | 09/05/23 | 128p | 145p | 09/05/23 |
Trustpilot Group plc | David Reynolds/Alex Short | Neutral | 06/09/22 | 89p | 100p | 21/03/23 |
Tullow Oil | Colin Grant/Hammad Anwar | Outperform | 15/01/20 | 32p | 100p | 24/05/23 |
Tyman | Ross Harvey | Outperform | 24/03/21 | 241p | 320p | 16/01/23 |
Uniphar | Colin Grant/Hammad Anwar | Outperform | 27/08/19 | 298c | 500c | 14/01/22 |
UPM | Justin Jordan | Outperform | 03/04/23 | 3095c | 3600c | 26/04/23 |
3800c | 03/04/23 | |||||
Virgin Wines UK | David Reynolds/Alex Short | Neutral | 26/07/22 | 40p | 50p | 20/03/23 |
Vistry Group | Colin Sheridan | Outperform | 10/09/13 | 781p | 907p | 01/09/20 |
Volution | Flor O'Donoghue/Ross Harvey | Outperform | 31/03/21 | 431p | 419p | 16/03/23 |
Watkin Jones | Colin Sheridan | Outperform | 26/03/21 | 89p | 247p | 09/05/23 |
282p | 08/11/21 | |||||
Wizz Air Holdings | Stephen Furlong/Eleanor Walsh | Outperform | 12/01/23 | 2973p | 4250p | 12/01/23 |
* The validity period for all ratings is 12 months.
** Market price as of close March 31st 2023.
Last updated: May 24th 2023