Reed Elsevier (LON:REL)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Friday, Analyst Ratings Network.com reports. They currently have a GBX 860 ($13.23) price target on the stock, up from their previous price target of GBX 820 ($12.61). Deutsche Bank’s price objective indicates a potential upside of 2.69% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Investec reiterated a “buy” rating on shares of Reed Elsevier in a research note to investors on Thursday. They now have a GBX 850 ($13.07) price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of Reed Elsevier in a research note to investors on Tuesday, July 23rd. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Reed Elsevier in a research note to investors on Thursday, July 18th. They now have a GBX 830 ($12.77) price target on the stock.
Six investment analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company’s stock. Reed Elsevier currently has a consensus rating of “Hold” and a consensus price target of GBX 756.12 ($11.63).
Reed Elsevier (LON: REL) opened at 839.0001 on Friday. Reed Elsevier has a 1-year low of GBX 536.00 and a 1-year high of GBX 839.0001. The stock’s 50-day moving average is currently GBX 599.8. The company’s market cap is £9.956 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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