Reed Elsevier plc’s “Add” Rating Reaffirmed at Numis Securities Ltd (REL)
Reed Elsevier plc (LON:REL)‘s stock had its “add” rating restated by analysts at Numis Securities Ltd in a research report issued to clients and investors on Thursday, AmericanBankingNews.com reports. They currently have a GBX 1,031 ($17.28) price objective on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 11.94% from the company’s current price.
Shares of Reed Elsevier plc (LON:REL) opened at 913.00 on Thursday. Reed Elsevier plc has a one year low of GBX 677.50 and a one year high of GBX 938.00. The stock has a 50-day moving average of GBX 905.2 and a 200-day moving average of GBX 863.0. The company’s market cap is £10.719 billion.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Reed Elsevier plc in a research note on Monday, February 10th. They now have a GBX 940 ($15.75) 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 ($15.75) 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 ($10.31) price target on the stock. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. Reed Elsevier plc presently has a consensus rating of “Hold” and an average target price of GBX 841.86 ($14.11).
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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