Reed Elsevier plc Given Average Recommendation of “Hold” by Brokerages (LON:REL)
Reed Elsevier plc (LON:REL) has earned a consensus recommendation of “Hold” from the twenty-four ratings firms that are currently covering the stock, American Banking and Market News reports. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 841.86 ($13.81).
A number of analysts have recently weighed in on REL shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Reed Elsevier plc in a research note on Monday. They now have a GBX 940 ($15.42) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of Reed Elsevier plc in a research note on Friday, February 7th. They now have a GBX 940 ($15.42) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Reed Elsevier plc in a research note on Wednesday, February 5th. They now have a GBX 615 ($10.09) price target on the stock.
Shares of Reed Elsevier plc (LON:REL) traded down 0.71% during mid-day trading on Friday, hitting GBX 909.50. 1,222,569 shares of the company’s stock traded hands. Reed Elsevier plc 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 903.0 and its 200-day moving average is GBX 860.9. 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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