Reed Elsevier plc Rating Reiterated by Societe Generale (REL)
Reed Elsevier plc (LON:REL)‘s stock had its “buy” rating restated by investment analysts at Societe Generale in a note issued to investors on Wednesday. They currently have a GBX 1,035 ($17.35) target price on the stock. Societe Generale’s price objective would indicate a potential upside of 10.05% from the stock’s previous close.
Shares of Reed Elsevier plc (LON:REL) opened at 943.00 on Wednesday. Reed Elsevier plc has a one year low of GBX 709.00 and a one year high of GBX 959.50. The stock has a 50-day moving average of GBX 896.5 and a 200-day moving average of GBX 899.5. The company’s market cap is £10.914 billion.
REL has been the subject of a number of other recent research reports. Analysts at Nomura raised their price target on shares of Reed Elsevier plc from GBX 975 ($16.35) to GBX 1,050 ($17.60) in a research note on Thursday, May 29th. They now have a “buy” rating on the stock. Separately, 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 ($18.44) price target on the stock. Finally, 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 ($16.76) price target on the stock. Five analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 860.73 ($14.43).
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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