Reed Elsevier plc Receives Overweight Rating from JPMorgan Chase & Co. (REL)
Reed Elsevier plc (LON:REL)‘s stock had its “overweight” rating reiterated by equities researchers at JPMorgan Chase & Co. in a research report issued on Tuesday. They currently have a GBX 1,020 ($17.43) price target on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 9.27% from the company’s current price.
Reed Elsevier plc (LON:REL) traded up 0.59% on Tuesday, hitting GBX 933.00. The stock had a trading volume of 3,873,962 shares. Reed Elsevier plc has a 1-year low of GBX 785.50 and a 1-year high of GBX 961.50. The stock has a 50-day moving average of GBX 941.3 and a 200-day moving average of GBX 914.3. The company’s market cap is £10.799 billion.
A number of other firms have also recently commented on REL. Analysts at Nomura reiterated a “buy” rating on shares of Reed Elsevier plc in a research note on Monday. They now have a GBX 1,050 ($17.94) price target on the stock. Separately, analysts at BNP Paribas reiterated an “underperform” rating on shares of Reed Elsevier plc in a research note on Thursday, July 17th. They now have a GBX 950 ($16.23) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Reed Elsevier plc in a research note on Wednesday, July 16th. They now have a GBX 1,031 ($17.62) price target on the stock. Four analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 904 ($15.45).
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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