Reed Elsevier PLC (NYSE:RELX)‘s stock had its “overweight” rating reiterated by JPMorgan Chase & Co. in a report issued on Tuesday.
A number of other brokerages also recently issued reports on RELX. Deutsche Bank AG downgraded Reed Elsevier PLC from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. Goldman Sachs Group Inc. cut Reed Elsevier PLC from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 3rd. Finally, Zacks Investment Research raised Reed Elsevier PLC from a “sell” rating to a “hold” rating in a research note on Wednesday, May 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $560.00.
A number of large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its stake in shares of Reed Elsevier PLC by 23.9% in the first quarter. Renaissance Technologies LLC now owns 113,900 shares of the company’s stock worth $2,140,000 after buying an additional 22,000 shares during the period. Geode Capital Management LLC boosted its stake in shares of Reed Elsevier PLC by 19.5% in the first quarter. Geode Capital Management LLC now owns 31,284 shares of the company’s stock worth $587,000 after buying an additional 5,100 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Reed Elsevier PLC by 47.1% in the first quarter. Goldman Sachs Group Inc. now owns 373,647 shares of the company’s stock worth $7,021,000 after buying an additional 119,688 shares during the period. M&T Bank Corp boosted its stake in shares of Reed Elsevier PLC by 1.8% in the first quarter. M&T Bank Corp now owns 12,804 shares of the company’s stock worth $240,000 after buying an additional 221 shares during the period. Finally, Glenmede Trust Co. NA boosted its stake in shares of Reed Elsevier PLC by 21,448.6% in the first quarter. Glenmede Trust Co. NA now owns 138,342 shares of the company’s stock worth $2,598,000 after buying an additional 137,700 shares during the period.
RELX PLC is a United Kingdom-based company holding shares in RELX Group plc. RELX Group plc is a global provider of information and analytics for professional and business customers across industries. RELX Group plc serves customers in more than 180 countries. The Company operates in four market segments.
