AlphaValue Reiterates “Reduce” Rating for Reed Elsevier (REL)
Reed Elsevier (LON:REL)‘s stock had its “reduce” rating reiterated by stock analysts at AlphaValue in a report issued on Thursday, American Banking and Market News reports. They currently have a GBX 800 ($12.81) target price on the stock. AlphaValue’s target price would suggest a potential downside of 5.44% from the company’s current price.
A number of other firms have also recently commented on REL. Analysts at HSBC reiterated a “neutral” rating on shares of Reed Elsevier (LON:REL) in a research note to investors on Friday, September 20th. They now have a GBX 825 ($13.21) price target on the stock. Separately, analysts at Barclays Capital reiterated an “overweight” rating on shares of Reed Elsevier (LON:REL) in a research note to investors on Thursday, September 19th. They now have a GBX 935 ($14.98) price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Reed Elsevier (LON:REL) from GBX 700 ($11.21) to GBX 884 ($14.16) in a research note to investors on Thursday, September 12th. They now have a “hold” rating on the stock. Six investment analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the company. Reed Elsevier currently has a consensus rating of “Hold” and an average target price of GBX 795.40 ($12.74).
Reed Elsevier (LON:REL) traded up 0.12% on Thursday, hitting GBX 847.00. The stock had a trading volume of 1,198,017 shares. Reed Elsevier has a 52-week low of GBX 590.246 and a 52-week high of GBX 860.0001. The stock has a 50-day moving average of GBX 815.8 and a 200-day moving average of GBX 776.7. The company’s market cap is £9.944 billion.
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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