Reed Elsevier plc Downgraded to Equal weight at Barclays (REL)
Reed Elsevier plc (LON:REL) was downgraded by analysts at Barclays to an “equal weight” rating in a research report issued to clients and investors on Friday. They currently have a GBX 1,005 ($17.10) price objective on the stock, down from their previous price objective of GBX 1,020 ($17.36). Barclays’ target price points to a potential upside of 7.43% from the company’s current price.
Reed Elsevier plc (LON:REL) traded down 0.74% during mid-day trading on Friday, hitting GBX 935.4999. The stock had a trading volume of 3,330,473 shares. Reed Elsevier plc has a 1-year low of GBX 746.00 and a 1-year high of GBX 961.50. The stock’s 50-day moving average is GBX 930.5 and its 200-day moving average is GBX 907.6. The company’s market cap is £10.827 billion.
A number of other firms have also recently commented on REL. Analysts at Societe Generale reiterated a “buy” rating on shares of Reed Elsevier plc in a research note on Tuesday. They now have a GBX 1,035 ($17.61) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Reed Elsevier plc in a research note on Tuesday, June 17th. They now have a GBX 1,050 ($17.87) 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 Friday, June 13th. They now have a GBX 700 ($11.91) price target on the stock. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 865.76 ($14.73).
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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