Reed Elsevier (LON:REL)‘s stock had its “buy” rating reaffirmed by equities researchers at Deutsche Bank in a research report issued on Monday, American Banking and Market News reports. They currently have a GBX 940 ($15.42) target price on the stock. Deutsche Bank’s target price would indicate a potential upside of 5.98% from the stock’s previous close.
Shares of Reed Elsevier (LON:REL) opened at 884.00 on Monday. 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 901.0 and its 200-day moving average is GBX 858.5. The company’s market cap is £10.378 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Reed Elsevier in a research note to investors on Friday. They now have a GBX 940 ($15.42) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of Reed Elsevier in a research note to investors on Wednesday, February 5th. They now have a GBX 615 ($10.09) price target on the stock. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of Reed Elsevier in a research note to investors on Monday, February 3rd. They now have a GBX 1,035 ($16.98) price target on the stock. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 841.86 ($13.81).
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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