Reed Elsevier plc Stock Rating Reaffirmed by 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 ($13.67) price objective on the stock. Credit Suisse’s price target points to a potential downside of 15.46% from the company’s current price.
Reed Elsevier plc (LON:REL) opened at 967.00 on Friday. Reed Elsevier plc has a one year low of GBX 785.50 and a one year 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 £11.006 billion.
The company also recently announced a dividend, which is scheduled for Thursday, August 28th. Stockholders 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 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 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. 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 ($17.36) price target on the stock. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 903.30 ($15.15).
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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