Reed Elsevier plc Given Buy Rating at Liberum Capital (REL)
Reed Elsevier plc (LON:REL)‘s stock had its “buy” rating reaffirmed by Liberum Capital in a research note issued on Monday. They currently have a GBX 1,050 ($17.88) target price on the stock. Liberum Capital’s price target would indicate a potential upside of 11.70% from the stock’s previous close.
Reed Elsevier plc (LON:REL) traded up 0.48% during mid-day trading on Monday, hitting GBX 939.9999. 3,747,309 shares of the company’s stock traded hands. Reed Elsevier plc has a one year low of GBX 754.50 and a one year high of GBX 961.50. The stock’s 50-day moving average is GBX 933.9 and its 200-day moving average is GBX 908.7. The company’s market cap is £10.880 billion.
REL has been the subject of a number of other recent research reports. 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 ($17.12) price target on the stock, down previously from GBX 1,020 ($17.37). Separately, analysts at Societe Generale reiterated a “buy” rating on shares of Reed Elsevier plc in a research note on Tuesday, June 24th. They now have a GBX 1,035 ($17.63) 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 ($11.92) price target on the stock. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 877.80 ($14.95).
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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