Reed Elsevier plc PT Raised to GBX 1,030 (REL)
Investment analysts at Morgan Stanley increased their price target on shares of Reed Elsevier plc (LON:REL) from GBX 1,000 ($17.09) to GBX 1,030 ($17.60) in a note issued to investors on Friday. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 5.32% from the company’s current price.
REL has been the subject of a number of other recent research reports. Analysts at Societe Generale reiterated a “buy” rating on shares of Reed Elsevier plc in a research note on Friday. They now have a GBX 1,035 ($17.69) price target on the stock. Separately, 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. Finally, 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. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 901.80 ($15.41).
Reed Elsevier plc (LON:REL) opened at 968.5001 on Friday. Reed Elsevier plc has a 52-week low of GBX 785.50 and a 52-week high of GBX 988.50. The stock’s 50-day moving average is GBX 942.5 and its 200-day moving average is GBX 915.7. The company’s market cap is £11.209 billion.
The company also recently declared a dividend, which is scheduled for Thursday, August 28th. Stockholders of record on Wednesday, August 6th will be given a dividend of GBX 7 ($0.12) per share. This represents a yield of 0.71%. The ex-dividend date of this dividend 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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