Reed Elsevier plc Given Consensus Rating of “Hold” by Brokerages (LON:REL)
Reed Elsevier plc (LON:REL) has been given a consensus rating of “Hold” by the twenty analysts that are presently covering the company, StockRatingsNetwork reports. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 903.30 ($15.15).
Reed Elsevier plc (LON:REL) opened at 966.50 on Monday. 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 943.7 and its 200-day moving average is GBX 919.4. The company’s market cap is £11.001 billion.
The company also recently announced a dividend, which is scheduled for Thursday, August 28th. Shareholders 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.
Several analysts have recently commented on the stock. 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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