Reed Elsevier plc Given Underperform Rating at Sanford C. Bernstein (REL)
Reed Elsevier plc (LON:REL)‘s stock had its “underperform” rating reiterated by investment analysts at Sanford C. Bernstein in a note issued to investors on Friday. They currently have a GBX 700 ($11.74) price objective on the stock. Sanford C. Bernstein’s target price would indicate a potential downside of 27.39% from the company’s current price.
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. They now have a GBX 815 ($13.67) price target on the stock. Separately, 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. Five 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 stock. Reed Elsevier plc has a consensus rating of “Hold” and a consensus target price of GBX 903.30 ($15.15).
Shares of Reed Elsevier plc (LON:REL) opened at 966.00 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 943.7 and its 200-day moving average is GBX 919.4. The company’s market cap is £10.995 billion.
The company also recently declared a dividend, which is scheduled for Thursday, August 28th. Shareholders 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.