Reed Elsevier Receives Overweight Rating from Barclays (REL)
Reed Elsevier (LON:REL)‘s stock had its “overweight” rating reiterated by research analysts at Barclays in a report released on Wednesday, American Banking News.com reports. They currently have a GBX 1,025 ($16.89) target price on the stock. Barclays’ price target would indicate a potential upside of 14.85% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. raised their price target on shares of Reed Elsevier from GBX 950 ($15.65) to GBX 1,100 ($18.12) in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 837.08 ($13.79).
Reed Elsevier (LON:REL) opened at 899.00 on Wednesday. Reed Elsevier has a 1-year low of GBX 677.50 and a 1-year high of GBX 938.00. The stock’s 50-day moving average is GBX 894.6 and its 200-day moving average is GBX 854.3. The company’s market cap is £10.554 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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