Jefferies Group Increases Reed Elsevier Price Target to GBX 884 (REL)
Jefferies Group boosted their price target on shares of Reed Elsevier (LON:REL) from GBX 700 ($10.94) to GBX 884 ($13.82) in a research note issued on Thursday, Stock Ratings Network reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective would suggest a potential upside of 7.67% from the stock’s previous close.
Reed Elsevier (LON:REL) traded down 0.30% during mid-day trading on Thursday, hitting GBX 818.50. 3,256,077 shares of the company’s stock traded hands. The stock’s 50-day moving average is GBX 816.2 and its 200-day moving average is GBX 771.7. The company’s market cap is £9.609 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. upgraded shares of Reed Elsevier (LON:REL) to a “buy” rating in a research note to investors on Monday. They now have a GBX 950 ($14.85) price target on the stock, up previously from GBX 850 ($13.29). Separately, analysts at AlphaValue reiterated a “reduce” rating on shares of Reed Elsevier (LON:REL) in a research note to investors on Wednesday, August 21st. They now have a GBX 800 ($12.51) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of Reed Elsevier (LON:REL) in a research note to investors on Tuesday, August 6th. They now have a GBX 900 ($14.07) price target on the stock.
Six investment analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 785.61 ($12.28).
Reed Elsevier PLC is a provider of professional information solutions. As of December 31, 2011, the Company was organized in five business segments: Elsevier, providing scientific, technical and medical information solutions; LexisNexis Risk Solutions, providing risk information and analytics to business and government customers; LexisNexis Legal & Professional, providing legal, tax, regulatory and business information solutions to professionals, business and government customers; Reed Exhibitions, organising trade exhibitions and conferences, and Reed Business Information, providing information and marketing solutions to business professionals.
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