Reed Elsevier (LON:REL)‘s stock had its “overweight” rating reiterated by equities researchers at Barclays Capital in a research report issued on Thursday, Analyst Ratings Network.com reports. They currently have a GBX 935 ($14.85) price objective on the stock. Barclays Capital’s price objective would suggest a potential upside of 13.40% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Reed Elsevier (LON:REL) from GBX 700 ($11.11) to GBX 884 ($14.04) in a research note to investors on Thursday, September 12th. They now have a “hold” rating on the stock. Separately, analysts at Citigroup Inc. upgraded shares of Reed Elsevier (LON:REL) to a “buy” rating in a research note to investors on Monday, September 9th. They now have a GBX 950 ($15.08) price target on the stock, up previously from GBX 850 ($13.50). Finally, analysts at AlphaValue reiterated a “reduce” rating on shares of Reed Elsevier (LON:REL) in a research note to investors on Wednesday, August 21st. They now have a GBX 800 ($12.70) price target on the stock.
Six analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 791.29 ($12.56).
Reed Elsevier (LON:REL) opened at 834.50 on Thursday. Reed Elsevier has a 52-week low of GBX 590.246 and a 52-week high of GBX 860.00. The stock’s 50-day moving average is GBX 816.1 and its 200-day moving average is GBX 775.8. The company’s market cap is £9.797 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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