Recoccendations and analyses

Date	Fundamental recommendation	Market relative	Target price	Share price on the day of recommendation
04/27/2021	Buy	Overweight	PLN 65.00	PLN 47.65
01/18/2021	Buy	Overweight	PLN 49.00	PLN 38.00
12/06/2020	Hold	Underweight	PLN 36.00	PLN 30.20
10/22/2020	Hold	Underweight	PLN 32.00	PLN 27.95
06/07/2020	Hold	Overweight	PLN 45.00	PLN 43.00
11/05/2020	Buy	Overweight	PLN 40.00	PLN 28.75
12/04/2019	Buy	Overweight	PLN 38.00	PLN 28.60
09/27/2019	Buy	Overweight	PLN 31.50	PLN 24.10
07/10/2019	Buy	Overweight	PLN 25.50	PLN 17.40
04/04/2019	Buy	Overweight	PLN 21.50	PLN 13.00
12/06/2019	Buy	Overweight	PLN 13.80	PLN 8.24
07/19/2018	Hold	Underweight	PLN 10.80	PLN 9.90
01/31/2018	Hold	Underweight	PLN 27.50	PLN 25.70
12/11/2017	Hold	Overweight	PLN 35.00	-
10/26/2017	Buy	Overweight	PLN 35.00	PLN 26.95
07/03/2017	Buy	Overweight	PLN 52.80	PLN 42.24
05/18/2017	Buy	Overweight	PLN 54.00	PLN 46.00