Stock analysts at Numis Securities Ltd hoisted their price target on shares of Reed Elsevier (LON:REL) from GBX 994 ($16.38) to GBX 1,031 ($16.99) in a report issued on Monday, Stock Ratings News reports. The firm currently has an “add” rating on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 13.61% from the stock’s previous close.
REL has been the subject of a number of other recent research reports. Analysts at Morgan Stanley raised their price target on shares of Reed Elsevier from GBX 925 ($15.24) to GBX 1,000 ($16.48) in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Reed Elsevier in a research note to investors on Wednesday, January 8th. They now have a GBX 815 ($13.43) price target on the stock. Finally, analysts at Berenberg Bank reiterated a “buy” rating on shares of Reed Elsevier in a research note to investors on Wednesday, January 8th. They now have a GBX 895 ($14.75) price target on the stock. Six equities research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 824.92 ($13.59).
Shares of Reed Elsevier (LON:REL) traded down 0.06% during mid-day trading on Monday, hitting GBX 907.00. The stock had a trading volume of 2,017,299 shares. Reed Elsevier has a 1-year low of GBX 651.00 and a 1-year high of GBX 912.00. The stock has a 50-day moving average of GBX 882.3 and a 200-day moving average of GBX 840.4. The company’s market cap is £10.648 billion.
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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