Report published August 17, 2026
RBC Capital Markets: UK & European Research at a Glance (August 17, 2026)
Source and citation context
- Issuer
- RBC Capital Markets
- Report date
- August 17, 2026
- Analysis as of
- Not stated in source
Authors / editors: Ashish Sabadra (Lead Author), Sebastian Kuenne (Lead Author), Nick Housden (Co-Author), Mark Fielding (Co-Author), Colin Moody (Co-Author), Benjamin Toms (Lead Author), Sherry Lin (Co-Author), Pablo de la Torre Cuevas (Co-Author), Ben Bathurst (Lead Author), Jude Neanor (Co-Author), Alexander Wheeler (Lead Author), Ziyad Jasimuddin (Co-Author), Fernando Garcia (Co-Author), Charlotte Mettyear (Co-Author), Joseph Pepper (Co-Author), Manjari Dhar (Lead Author), Tom Narayan (Lead Author)
Finvaulta summarizes RBC Capital Markets's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
RBC's European research roundup highlights substantial guidance-driven EPS upgrades and a PT increase to GBp 760 for CMC Markets, positive margin and organic growth revisions for SKF, and continued Outperform ratings on Carrefour and RWE. Model updates are also provided for Bank of Ireland, Deutsche Boerse, HSBC, PensionBee, and Verbund.
Key Takeaways
- 1.CMC Markets receives a substantial price target increase from GBp 460 to GBp 760 following EPS upgrades exceeding 40% in all years after a strong FY27 guidance update.
- 2.Carrefour is reiterated at Outperform, trading at ~8x CY27e P/E with a c.9% CY26-29e earnings CAGR and double-digit FCF yield supported by improving French price positioning and Argentine market recovery.
- 3.RWE price target is raised to €66/share (Outperform) incorporating upgraded guidance and a new US gas asset, while Verbund is trimmed to €55.50 (Underperform) due to lower hydro output.
Table of Contents
- Premium Research
- Company Comments
- Industry Comments
- Quick Takes
Report data
Company Comments Summary Table
| Metric | Estimate | Context |
|---|---|---|
| Pest Control sector unique website visits growth | 8.9% | Year-over-year unique visits growth across pest control websites |
| Rentokil website traffic growth | 30.6% | Year-over-year overall website traffic growth for Rentokil |
| CMC Markets EPS Upgrades | 40.0% | RBC raises CMC Markets EPS estimates following guidance update |
| Carrefour CY27e P/E | 8.0 x | Carrefour trading multiple compared to the wider sector |
| Carrefour CY26-29e earnings CAGR | 9.0% | Projected earnings compound annual growth rate |
Reports in this series
UK & European Research at a Glance is shown in chronological order through this edition, published on August 17, 2026.
Part of the UK & European Research at a Glance series — view all 29 editions
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Authors / Editors
Reported Data Context
- Pest Control sector unique website visits growth: 8.9 % (July 2026) · Source: RBC Elements
- Rentokil website traffic growth: 30.6 % (July 2026) · Source: RBC Elements
- CMC Markets EPS Upgrades: 40.0 % (All forecast years) · Source: RBC Capital Markets
- Carrefour CY27e P/E: 8.0 x (CY27e) · Source: RBC Capital Markets
- Carrefour CY26-29e earnings CAGR: 9.0 % (CY26-29e) · Source: RBC Capital Markets