Reed Elsevier Rating Reiterated by BNP Paribas (REL)
Reed Elsevier (LON:REL)‘s stock had its “outperform” rating restated by investment analysts at BNP Paribas in a note issued to investors on Thursday, StockRatingsNetwork.com reports. They currently have a GBX 900 ($14.52) price target on the stock. BNP Paribas’ target price indicates a potential upside of 8.76% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at AlphaValue reiterated a “reduce” rating on shares of Reed Elsevier (LON:REL) in a research note to investors on Thursday, September 26th. They now have a GBX 800 ($12.91) price target on the stock. Separately, 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 ($13.31) price target on the stock. Finally, 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 ($15.09) price target on the stock. Six research analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Reed Elsevier currently has an average rating of “Hold” and an average target price of GBX 795.40 ($12.83).
Reed Elsevier (LON:REL) traded down 0.24% on Thursday, hitting GBX 825.50. 1,117,059 shares of the company’s stock traded hands. Reed Elsevier has a 52 week low of GBX 593.50 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 £9.691 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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