Reed Elsevier Stock Rating Reaffirmed by Investec (REL)
Reed Elsevier (LON:REL)‘s stock had its “buy” rating restated by investment analysts at Investec in a note issued to investors on Friday, American Banking News.com reports. They currently have a GBX 900 ($14.37) price objective on the stock. Investec’s price target points to a potential upside of 5.70% from the stock’s previous close.
Shares of Reed Elsevier (LON:REL) opened at 849.50 on Friday. Reed Elsevier has a 1-year low of GBX 593.50 and a 1-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 £9.973 billion.
A number of other firms have also recently commented on REL. Analysts at Nomura reiterated a “buy” rating on shares of Reed Elsevier in a research note to investors on Friday. They now have a GBX 900 ($14.37) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Reed Elsevier in a research note to investors on Friday. They now have a GBX 937 ($14.96) 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. They now have a GBX 805 ($12.85) price target on the stock. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 811.23 ($12.95).
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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