Reed Elsevier plc Given Average Rating of “Hold” by Brokerages (LON:REL)
Shares of Reed Elsevier plc (LON:REL) have earned an average recommendation of “Hold” from the twenty-one analysts that are covering the company, AR Network reports. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 865.76 ($14.73).
Reed Elsevier plc (LON:REL) opened at 934.00 on Friday. Reed Elsevier plc has a one year low of GBX 731.00 and a one year high of GBX 961.50. The stock has a 50-day moving average of GBX 928.8 and a 200-day moving average of GBX 907.4. The company’s market cap is £10.810 billion.
Several analysts have recently commented on the stock. Analysts at Barclays downgraded shares of Reed Elsevier plc to an “equal weight” rating in a research note on Friday. They now have a GBX 1,005 ($17.10) price target on the stock, down previously from GBX 1,020 ($17.36). Separately, 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. Finally, 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.
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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