Investment analysts at Goldman Sachs increased their target price on shares of Reed Elsevier (LON: REL) from $11.09 (734 GBX) to $12.08 (800 GBX) in a note issued to investors on Wednesday. The firm currently has a “neutral” rating on the stock.
Reed Elsevier (LON: REL) opened at 762.50 on Wednesday. Reed Elsevier has a 1-year low of GBX 466.10 and a 1-year high of GBX 761.9901. The stock’s 50-day moving average is currently GBX 599.8. The company’s market cap is £9.048 billion.
A number of other analysts have also recently weighed in on REL. Analysts at JPMorgan Chase raised their price target on shares of Reed Elsevier from $10.30 to $11.95 in a research note to investors on Friday, March 8th. They now have an “overweight” rating on the stock. Separately, analysts at JP Morgan Cazenove cut their price target on shares of Reed Elsevier from $11.95 to $10.30 in a research note to investors on Thursday, March 7th. They now have an “overweight” rating on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Reed Elsevier in a research note to investors on Thursday, February 28th. They now have a $11.41 price target on the stock.
Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $11.19 (741 GBX).
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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