Reed Elsevier (LON:REL)‘s stock had its “buy” rating reiterated by investment analysts at Societe Generale in a note issued to investors on Monday, StockRatingsNetwork.com reports. They currently have a GBX 1,035 ($17.01) target price on the stock. Societe Generale’s price objective would suggest a potential upside of 16.69% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Reed Elsevier in a research note to investors on Wednesday, January 29th. They now have a GBX 1,025 ($16.84) price target on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Reed Elsevier from GBX 950 ($15.61) to GBX 1,100 ($18.08) in a research note to investors on Monday, January 27th. They now have a “buy” rating on the stock. Finally, analysts at Numis Securities Ltd raised their price target on shares of Reed Elsevier from GBX 994 ($16.34) to GBX 1,031 ($16.94) in a research note to investors on Monday, January 13th. They now have an “add” rating on the stock. Six equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 840.12 ($13.81).
Shares of Reed Elsevier (LON:REL) traded up 0.51% on Monday, hitting GBX 891.50. The stock had a trading volume of 947,821 shares. Reed Elsevier has a 1-year low of GBX 677.50 and a 1-year high of GBX 938.00. The stock’s 50-day moving average is GBX 896.7 and its 200-day moving average is GBX 855.5. The company’s market cap is £10.466 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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