Reed Elsevier plc Rating Reiterated by Nomura (REL)
Reed Elsevier plc (LON:REL)‘s stock had its “buy” rating reiterated by analysts at Nomura in a research report issued to clients and investors on Thursday. They currently have a GBX 975 ($16.41) price objective on the stock. Nomura’s price target points to a potential upside of 3.34% from the stock’s previous close.
REL has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Reed Elsevier plc in a research note on Thursday, April 24th. They now have a GBX 1,100 ($18.52) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of Reed Elsevier plc in a research note on Wednesday, April 23rd. They now have a GBX 1,000 ($16.83) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Reed Elsevier plc in a research note on Wednesday, April 23rd. They now have a GBX 1,031 ($17.35) price target on the stock. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 857.32 ($14.43).
Reed Elsevier plc (LON:REL) opened at 947.5001 on Thursday. Reed Elsevier plc has a one year low of GBX 709.00 and a one year high of GBX 942.00. The stock has a 50-day moving average of GBX 890.1 and a 200-day moving average of GBX 897.6. The company’s market cap is £10.966 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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