Reed Elsevier plc Receives Neutral Rating from Goldman Sachs (REL)
Reed Elsevier plc (LON:REL)‘s stock had its “neutral” rating reiterated by Goldman Sachs in a research note issued on Thursday. They currently have a GBX 1,005 ($16.90) price objective on the stock. Goldman Sachs’ price target indicates a potential upside of 5.96% from the company’s current price.
A number of other analysts have also recently weighed in on REL. Analysts at Societe Generale reiterated a “buy” rating on shares of Reed Elsevier plc in a research note on Wednesday, June 4th. They now have a GBX 1,035 ($17.40) price target on the stock. Separately, analysts at Nomura raised their price target on shares of Reed Elsevier plc from GBX 975 ($16.39) to GBX 1,050 ($17.65) in a research note on Thursday, May 29th. They now have a “buy” rating on the stock. Finally, 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 ($18.49) price target on the stock. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. Reed Elsevier plc has an average rating of “Hold” and a consensus target price of GBX 862.43 ($14.50).
Shares of Reed Elsevier plc (LON:REL) traded up 1.11% on Thursday, hitting GBX 959.00. 2,285,254 shares of the company’s stock traded hands. 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 907.5 and a 200-day moving average of GBX 902.0. The company’s market cap is £11.099 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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