Reed Elsevier PT Raised to GBX 1,000 at Morgan Stanley (REL)
Morgan Stanley lifted their target price on shares of Reed Elsevier (LON:REL) from GBX 925 ($15.17) to GBX 1,000 ($16.40) in a research note issued on Thursday, AnalystRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 10.74% from the company’s current price.
A number of other firms have also recently commented on REL. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Reed Elsevier in a research note to investors on Wednesday. They now have a GBX 815 ($13.37) price target on the stock. Separately, 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. Finally, 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. Six analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. Reed Elsevier currently has a consensus rating of “Hold” and a consensus price target of GBX 821.01 ($13.47).
Reed Elsevier (LON:REL) opened at 909.50 on Thursday. Reed Elsevier has a 52-week low of GBX 639.00 and a 52-week 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 £10.678 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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