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Ratings · Intelligence · Berenberg

Berenberg

704 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
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
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%
Jun 2, 2026 VMC Vulcan Materials Company Basic Materials Initiates Hold $283 -1.1% +0.1%
Jun 2, 2026 MLM Martin Marietta Materials, Inc. Basic Materials Initiates Hold $556 -0.9% +1.0%
May 28, 2026 LRLCY Upgrade Hold Buy +1.0% +0.7%
May 21, 2026 MBLY Mobileye Global Inc. Consumer Cyclical Downgrade Buy Hold $11 -3.3% +0.3%
Apr 21, 2026 PANW Palo Alto Networks, Inc. Technology Initiates Buy $215 +0.5% +3.2%
Jan 9, 2026 CRWD CrowdStrike Holdings, Inc. Technology Upgrade Hold Buy +1.8% +1.5%
Oct 9, 2025 DKNG DraftKings Inc. Consumer Cyclical Upgrade Hold Buy +0.7% +3.6%
Sep 17, 2025 NVO Novo Nordisk A/S Healthcare Upgrade Hold Buy +1.0% +1.7%
Sep 17, 2025 MRK Merck & Co., Inc. Healthcare Downgrade Buy Hold -0.1% +0.1%
Sep 17, 2025 ABBV AbbVie Inc. Healthcare Upgrade Hold Buy +1.3% +2.1%
Sep 17, 2025 LLY Eli Lilly and Company Healthcare Downgrade Buy Hold -0.4% -0.6%
Sep 15, 2025 ORCL Oracle Corporation Technology Maintains Hold Hold +4.9% +3.4%
Sep 10, 2025 COTY Coty Inc. Consumer Defensive Downgrade Buy Hold -2.8% -5.4%
Jul 24, 2025 BHP BHP Group Limited Basic Materials Downgrade Hold Sell -1.5% -2.2%
Jun 27, 2025 ADSK Autodesk, Inc. Technology Upgrade Hold Buy +0.8% +0.1%
Dec 11, 2024 FERG Ferguson plc Industrials Maintains Buy Buy +0.0% -0.7%