Credit Suisse Raises Reed Elsevier plc Price Target to GBX 895 (REL)
Equities researchers at Credit Suisse lifted their price target on shares of Reed Elsevier plc (LON:REL) from GBX 815 ($13.52) to GBX 895 ($14.85) in a research report issued on Wednesday. The firm currently has a “neutral” rating on the stock. Credit Suisse’s target price would indicate a potential downside of 9.82% from the company’s current price.
Reed Elsevier plc (LON:REL) traded up 1.16% on Wednesday, hitting GBX 1004.00. The stock had a trading volume of 1,066,281 shares. Reed Elsevier plc has a 1-year low of GBX 792.50 and a 1-year high of GBX 993.9999. The stock has a 50-day moving average of GBX 960.2 and a 200-day moving average of GBX 927.8. The company’s market cap is £11.428 billion.
A number of other analysts have also recently weighed in on REL. Analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Reed Elsevier plc in a research note on Friday, August 15th. They now have a GBX 700 ($11.62) price target on the stock. Separately, analysts at Berenberg Bank raised their price target on shares of Reed Elsevier plc from GBX 930 ($15.43) to GBX 960 ($15.93) in a research note on Wednesday, July 30th. They now have a “hold” rating on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of Reed Elsevier plc from GBX 1,000 ($16.59) to GBX 1,030 ($17.09) in a research note on Friday, July 25th. They now have an “overweight” 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 company. Reed Elsevier plc presently has a consensus rating of “Hold” and an average target price of GBX 907.30 ($15.06).
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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