Reed Elsevier Rating Reiterated by Investec Securities (REL)
Reed Elsevier (LON: REL)‘s stock had its “buy” rating reaffirmed by research analysts at Investec Securities in a report released on Thursday. They currently have a $11.71 (780 GBX) target price on the stock.
Reed Elsevier traded up 1.69% on Thursday, hitting GBX 721.00. Reed Elsevier has a 1-year low of GBX 466.10 and a 1-year high of GBX 725.00. The stock’s 50-day moving average is currently GBX 599.8. The company’s market cap is £8.682 billion.
Several other analysts have also recently commented on the stock. Analysts at Nomura raised their price target on shares of Reed Elsevier from $11.37 to $12.28 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Reed Elsevier in a research note to investors on Friday. They now have a $10.51 price target on the stock, up previously from $10.51. Finally, analysts at Deutsche Bank raised their price target on shares of Reed Elsevier from $11.11 to $11.86 in a research note to investors on Friday. They now have a “buy” rating on the stock.
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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