Reed Elsevier plc Given Buy Rating at Societe Generale (REL)
Reed Elsevier plc (LON:REL)‘s stock had its “buy” rating reiterated by analysts at Societe Generale in a research report issued to clients and investors on Friday. They currently have a GBX 1,035 ($17.69) price target on the stock. Societe Generale’s target price suggests a potential upside of 5.83% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Reed Elsevier plc in a research note on Thursday. They now have a GBX 884 ($15.11) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of Reed Elsevier plc in a research note on Thursday. They now have a GBX 1,000 ($17.09) 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 Thursday. They now have a GBX 1,031 ($17.62) price target on the stock. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. Reed Elsevier plc currently has a consensus rating of “Hold” and a consensus target price of GBX 901.80 ($15.41).
Shares of Reed Elsevier plc (LON:REL) opened at 968.5001 on Friday. Reed Elsevier plc has a 1-year low of GBX 785.50 and a 1-year high of GBX 988.50. The stock has a 50-day moving average of GBX 942.5 and a 200-day moving average of GBX 915.7. The company’s market cap is £11.209 billion.
The company also recently announced a dividend, which is scheduled for Thursday, August 28th. Investors of record on Wednesday, August 6th will be paid a dividend of GBX 7 ($0.12) per share. This represents a dividend yield of 0.71%. The ex-dividend date is Wednesday, August 6th.
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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