Reed Elsevier PT Raised to GBX 820 (REL)
Equities research analysts at UBS AG upped their price objective on shares of Reed Elsevier (LON:REL) from GBX 770 ($12.35) to GBX 820 ($13.16) in a research note issued to investors on Thursday, AnalystRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price target suggests a potential downside of 0.18% from the stock’s previous close.
A number of other firms have also recently commented on REL. Analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Reed Elsevier in a research note to investors on Friday, October 4th. They now have a GBX 550 ($8.82) price target on the stock. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of Reed Elsevier in a research note to investors on Thursday, October 3rd. They now have a GBX 900 ($14.44) price target on the stock. Finally, analysts at AlphaValue reiterated a “reduce” rating on shares of Reed Elsevier in a research note to investors on Thursday, September 26th. They now have a GBX 800 ($12.83) price target on the stock. Six analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 798.69 ($12.81).
Shares of Reed Elsevier (LON:REL) opened at 824.50 on Thursday. 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 £9.680 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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