Analyst coverage -

Morgan Stanley

Luis Prota

Underweight

EUR 25.50

17/02/2012

Merrill Lynch

Wilton Fry

Underperform

EUR 20.60

15/02/2012

Macquarie Research

Guy Peddy

Outperform

EUR 25

14/02/2012

Goldman Sachs

Mark Walker

Sell

EUR 21.80

09/02/2012

Nomura International

James Britton

Reduce

EUR 23

09/02/2012

Bank Degroof

Siddy Jobe

Hold

EUR 26

08/02/2012

Deutsche Bank

Charles Verle

Hold

EUR 20.30

03/02/2012

UBS

Andy Parnis

Neutral

EUR 23

01/02/2012

Jefferies

Ulrich Rathe

Hold

EUR 22.10

31/01/2012

Citigroup

Dimitri Kallianiotis

Sell

EUR 20

26/01/2012

Execution Noble

Andrew Hogley

Sell

EUR 13.50

25/01/2012

JPMorgan

Akhil Dattani

Neutral

EUR 26

23/01/2012

Credit Suisse

Paul Sidney

Neutral

EUR 24.50

18/01/2012

RaymondJames

Stephane Beyazian

Underperform

EUR 25

12/01/2012

ING

Emmanuel Carlier

Hold

EUR 24

09/01/2012

Kempen & CO

Frederic Van Daele

Hold

EUR 25.50

05/01/2012

RBS

Marc Hesselink

Hold

EUR 24

04/01/2012

NewStreet

Kirk Boodry

Buy

EUR 28

21/12/2011

KBC

Nico Melsens

Buy

EUR 26.30

14/12/2011

Petercam

Stefaan Genoe

EUR 27

29/11/2011

Exane BNP Paribas

Antoine Pradayrol

Underperform

EUR 22

28/11/2011

Kepler Capital Markets

Javier Borrachero

Hold

EUR 25

15/11/2011

HSBC

Nicolas Cote-Colisson

Neutral

EUR 24

07/11/2011

SG Sécurities

Thierry Cota

Sell

EUR 20.5

31/10/2011

Natixis Securities

de Grelling Jacques

Neutral

EUR 24.80

28/10/2011

ODDO Securities

Frédéric Doussard

Neutral

EUR 25

28/10/2011

Rabo Securities

Frank Claassen

Hold

EUR 26

28/10/2011

Berenberg

Stua rt Gordon

Hold

EUR 26.20

26/09/2011

Barclays Capital

Michael Bishop

Equalweight

EUR 25.50

02/08/2011

Arete

Will Milner

Negative

EUR 24.5

13/05/2011

UniCredit

Giovanni d'Amico

Hold

EUR 26

22/02/2011

ABN-AMRO

René Verhoef

Buy

EUR 34.50

11/10/2010