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Broker Forecasts

2011
Broker	Date	Rec	Pre-tax (£m)	EPS (p)	DPS (p)
Numis Securities Ltd	10/01/12	ADD	6.30	6.60	2.50
Merchant Securities Limited	11/11/11	BUY	0.00	0.00	0.00
Evolution Securities Ltd	31/10/11	ADD	7.70	8.10	2.00
Execution Noble	22/09/11	BUY	7.51	7.94	2.48
Consensus:	-	-	6.96	7.32	2.34
1 Month Change	-	-	-0.33	-0.34	0.02
3 Month Change	-	-	-0.35	-0.36	0.03

2012
Broker	Date	Rec	Pre-tax (£m)	EPS (p)	DPS (p)
Numis Securities Ltd	10/01/12	ADD	7.90	8.20	3.00
Merchant Securities Limited	11/11/11	BUY	0.00	0.00	0.00
Evolution Securities Ltd	31/10/11	ADD	7.30	7.60	2.00
Execution Noble	22/09/11	BUY	9.98	10.65	3.32
Consensus:	-	-	8.12	8.50	2.76
1 Month Change	-	-	-0.44	-0.46	0.01
3 Month Change	-	-	-0.43	-0.46	0.02

Data and tools provided by Hemscott Group Limited.

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