Reed Elsevier plc Price Target Raised to GBX 960 at Berenberg Bank (REL)
Analysts at Berenberg Bank upped their target price on shares of Reed Elsevier plc (LON:REL) from GBX 930 ($15.79) to GBX 960 ($16.30) in a research report issued to clients and investors on Wednesday. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 1.37% from the stock’s previous close.
Reed Elsevier plc (LON:REL) traded down 0.79% during mid-day trading on Wednesday, hitting GBX 947.00. The stock had a trading volume of 2,455,195 shares. Reed Elsevier plc has a 1-year low of GBX 785.50 and a 1-year high of GBX 988.50. The stock’s 50-day moving average is GBX 944.6 and its 200-day moving average is GBX 917.6. The company’s market cap is £10.779 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.
REL has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Reed Elsevier plc in a research note on Friday, July 25th. They now have a GBX 815 ($13.84) price target on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Reed Elsevier plc from GBX 1,000 ($16.98) to GBX 1,030 ($17.49) in a research note on Friday, July 25th. They now have an “overweight” rating on the stock. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of Reed Elsevier plc in a research note on Friday, July 25th. They now have a GBX 1,035 ($17.58) price target on the stock. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 903.30 ($15.34).
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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