Reed Elsevier Price Target Raised to GBX 1,100 at Citigroup Inc. (REL)
Analysts at Citigroup Inc. lifted their price objective on shares of Reed Elsevier (LON:REL) from GBX 950 ($15.65) to GBX 1,100 ($18.12) in a research report issued to clients and investors on Monday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s price objective indicates a potential upside of 23.11% from the company’s current price.
REL has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd raised their price target on shares of Reed Elsevier from GBX 994 ($16.38) to GBX 1,031 ($16.99) in a research note to investors on Monday, January 13th. They now have an “add” rating on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Reed Elsevier from GBX 925 ($15.24) to GBX 1,000 ($16.48) in a research note to investors on Thursday, January 9th. They now have an “overweight” rating on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Reed Elsevier in a research note to investors on Wednesday, January 8th. They now have a GBX 815 ($13.43) price target on the stock. Six investment analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 833.17 ($13.73).
Shares of Reed Elsevier (LON:REL) traded down 1.16% on Monday, hitting GBX 893.5001. The stock had a trading volume of 2,805,434 shares. Reed Elsevier has a one year low of GBX 677.50 and a one year high of GBX 938.00. The stock’s 50-day moving average is GBX 894.7 and its 200-day moving average is GBX 853.6. The company’s market cap is £10.490 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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