Reed Elsevier (LON:REL)‘s stock had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday, Analyst Ratings Net reports. They currently have a GBX 915 ($14.80) price target on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 7.21% from the stock’s previous close.
REL has been the subject of a number of other recent research reports. Analysts at Barclays reiterated an “overweight” rating on shares of Reed Elsevier in a research note to investors on Friday. They now have a GBX 935 ($15.12) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of Reed Elsevier in a research note to investors on Friday. They now have a GBX 900 ($14.55) price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of Reed Elsevier in a research note to investors on Friday. They now have a GBX 900 ($14.55) price target on the stock. Six analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. Reed Elsevier presently has an average rating of “Hold” and an average price target of GBX 814.27 ($13.17).
Shares of Reed Elsevier (LON:REL) opened at 862.50 on Monday. Reed Elsevier has a 52-week low of GBX 593.50 and a 52-week high of GBX 860.0001. The stock has a 50-day moving average of GBX 827.4 and a 200-day moving average of GBX 788.4. The company’s market cap is £10.126 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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