BNP Paribas Reiterates “Outperform” Rating for Reed Elsevier (REL)
Reed Elsevier (LON:REL)‘s stock had its “outperform” rating reaffirmed by equities researchers at BNP Paribas in a research report issued on Monday, ARN reports. They currently have a GBX 900 ($14.37) price objective on the stock. BNP Paribas’ target price would indicate a potential upside of 7.33% from the stock’s previous close.
Shares of Reed Elsevier (LON:REL) opened at 836.50 on Monday. Reed Elsevier has a one year low of GBX 593.50 and a one year 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 £9.821 billion.
A number of other analysts have also recently weighed in on REL. Analysts at UBS AG raised their price target on shares of Reed Elsevier from GBX 770 ($12.29) to GBX 820 ($13.09) in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, 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 ($8.78) 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 ($12.77) price target on the stock. Six analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Reed Elsevier has a consensus rating of “Hold” and an average price target of GBX 798.69 ($12.75).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.