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Ratings · Intelligence · Berenberg

Berenberg

720 total ratings · Since 2012 · View all ratings →
Upgrade grade
D
Downgrade grade
D
Berenberg is one of Europe's oldest private banks, founded in Hamburg, Germany in 1668 and remaining family-owned to this day, which gives it a uniquely long-term perspective on markets and investing. The firm has grown into a significant global player with approximately 2,500 employees across major financial centers, though it maintains a more selective and relationship-focused approach than many competitors. In equity research, Berenberg is particularly known for deep coverage of European companies across industrials, healthcare, technology, and consumer sectors, though their approximately 691 US equity analyst ratings demonstrate meaningful expansion into American markets. What distinguishes Berenberg's research culture is their commitment to fundamental, independent analysis rooted in rigorous company engagement and on-the-ground investigation, reflecting the thoughtful, contrarian tradition that has enabled a private bank to thrive for over three and a half centuries.
Upgrades
159
62.26% win rate · avg +1.11% D1
Downgrades
142
68.31% win rate · avg -1.09% D1
Avg Gap — Upgrades
+1.50%
open vs prev close
Avg Gap — Downgrades
-1.26%
open vs prev close

Performance by Sector

Sector ↑ Win% ↑ D1 ↓ Win% ↓ D1
Consumer Cyclical 50.00% (32) -0.55% 76.00% (25) -1.64%
Basic Materials 63.16% (19) +0.88% 55.56% (27) -0.75%
Technology 71.43% (28) +2.08% 71.43% (14) -0.74%
Industrials 77.78% (18) +1.68% 64.71% (17) -1.27%
Consumer Defensive 64.29% (14) +1.03% 73.33% (15) -1.28%
Healthcare 75.00% (12) +1.33% 64.71% (17) -1.50%
Financial Services 61.54% (13) +1.85% — —

Win Rate by Year

Year ↑ Win% ↑ Calls ↓ Win% ↓ Calls
2026 — — 81.8% 11
2022 55.6% 18 70.0% 20
2021 56.8% 44 50.0% 22
2020 64.7% 17 62.5% 24
2019 54.5% 11 76.5% 17
2018 38.9% 18 — —
2017 91.7% 12 63.6% 11
2016 85.7% 14 58.3% 12

Recent Calls

Date Ticker Company Sector Action Grade Change PT Gap D1
Sep 29, 2026 FMS Fresenius Medical Care AG & Co. KGaA Healthcare Downgrade Buy → Hold — -2.2% -3.0%
Sep 16, 2026 STLA Stellantis N.V. Consumer Cyclical Downgrade Buy → Hold — -0.8% -3.7%
Sep 16, 2026 BMWKY — — Upgrade Hold → Buy — — —
Sep 15, 2026 GSK GSK plc Healthcare Upgrade Hold → Buy — -0.7% -0.1%
Sep 15, 2026 LLY Eli Lilly and Company Healthcare Upgrade Hold → Buy $1400 +1.6% -0.2%
Sep 3, 2026 PUK Prudential plc Financial Services Initiates Buy $39 +2.0% +3.9%
Sep 2, 2026 RKLB Rocket Lab USA, Inc. Industrials Initiates Buy $83 -0.3% +0.9%
Sep 2, 2026 HAWK — — Initiates Buy $24 -0.6% -3.9%
Sep 2, 2026 ASTS AST SpaceMobile, Inc. Technology Initiates Buy $92 +4.7% +11.8%
Sep 2, 2026 PL Planet Labs PBC Industrials Initiates Buy $25 +3.0% +3.8%
Aug 17, 2026 MBLY Mobileye Global Inc. Consumer Cyclical Upgrade Hold → Buy $11 +3.8% +3.5%
Aug 14, 2026 IPAR Inter Parfums, Inc. Consumer Defensive Downgrade Buy → Hold $130 -1.7% -0.7%
Aug 12, 2026 NVO Novo Nordisk A/S Healthcare Downgrade Buy → Hold — -2.8% -1.7%
Jul 30, 2026 RIO Rio Tinto Group Basic Materials Upgrade Hold → Buy — +4.0% +3.8%
Jul 16, 2026 EVO Evotec SE Healthcare Downgrade Buy → Hold — +0.5% -2.0%
Jul 14, 2026 QGEN Qiagen N.V. Healthcare Downgrade Buy → Hold $46 -2.3% +0.3%
Jun 24, 2026 NWG NatWest Group plc Financial Services Initiates Buy — -0.5% -1.7%
Jun 24, 2026 LYG Lloyds Banking Group plc Financial Services Initiates Hold — -0.5% -2.1%
Jun 24, 2026 BCS Barclays PLC Financial Services Initiates Buy — -0.5% -1.6%
Jun 18, 2026 NGLOY — — Downgrade Buy → Hold $28 -0.4% -1.3%
Jun 17, 2026 CTSH Cognizant Technology Solutions Corporation Technology Downgrade Buy → Hold $59 -2.1% -4.4%
Jun 12, 2026 RYCEY — — Upgrade Hold → Buy — +1.3% +1.8%
Jun 10, 2026 NTR Nutrien Ltd. Basic Materials Downgrade Buy → Hold $65 -2.0% -2.0%
Jun 9, 2026 WPP WPP plc Communication Services Initiates Buy — +5.9% +6.8%
Jun 5, 2026 CRWD CrowdStrike Holdings, Inc. Technology Downgrade Buy → Hold $720 -3.1% -6.7%