Reed Elsevier plc Given Average Recommendation of “Hold” by Analysts (LON:REL)
Shares of Reed Elsevier plc (LON:REL) have been given an average rating of “Hold” by the twenty brokerages that are covering the stock, Analyst Ratings Network.com reports. Five equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 903.30 ($15.15).
Shares of Reed Elsevier plc (LON:REL) traded up 2.25% during mid-day trading on Monday, hitting GBX 954.50. The stock had a trading volume of 1,054,900 shares. 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 942.8 and a 200-day moving average of GBX 918.3. The company’s market cap is £10.864 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 analysts have recently weighed in on REL shares. Analysts at Berenberg Bank raised their price target on shares of Reed Elsevier plc from GBX 930 ($15.60) to GBX 960 ($16.10) in a research note on Wednesday, July 30th. They now have a “hold” rating on the stock. Separately, 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 ($13.67) price target on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of Reed Elsevier plc from GBX 1,000 ($16.78) to GBX 1,030 ($17.28) in a research note on Friday, July 25th. They now have an “overweight” rating on the stock.
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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