Reed Elsevier Rating Reiterated by Credit Suisse (REL)
Reed Elsevier (LON:REL)‘s stock had its “neutral” rating restated by Credit Suisse in a research note issued on Wednesday, AnalystRatingsNetwork reports. They currently have a GBX 815 ($13.37) price target on the stock. Credit Suisse’s target price would suggest a potential downside of 9.54% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Berenberg Bank reiterated a “buy” rating on shares of Reed Elsevier in a research note to investors on Wednesday. They now have a GBX 895 ($14.68) price target 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 Monday. They now have a GBX 615 ($10.09) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of Reed Elsevier in a research note to investors on Wednesday, December 18th. They now have a GBX 950 ($15.58) price target on the stock. Six investment analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 814.41 ($13.36).
Shares of Reed Elsevier (LON:REL) opened at 895.00 on Wednesday. Reed Elsevier has a 1-year low of GBX 639.00 and a 1-year high of GBX 907.00. The stock has a 50-day moving average of GBX 880.6 and a 200-day moving average of GBX 839.1. The company’s market cap is £10.507 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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