Reed Elsevier plc Receives Neutral Rating from Credit Suisse (REL)
Reed Elsevier plc (LON:REL)‘s stock had its “neutral” rating restated by research analysts at Credit Suisse in a report released on Friday. They currently have a GBX 815 ($13.93) price objective on the stock. Credit Suisse’s price target would suggest a potential downside of 16.67% from the stock’s previous close.
Shares of 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 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.
A number of other firms have also recently commented on REL. Analysts at Morgan Stanley raised their price target on shares of Reed Elsevier plc from GBX 1,000 ($17.09) to GBX 1,030 ($17.60) in a research note on Friday. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 901.80 ($15.41).
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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