SDL plc (LON:SDL)‘s stock had its “hold” rating restated by equities research analysts at Canaccord Genuity in a note issued to investors on Tuesday, August 1st. They presently have a GBX 660 ($8.57) price objective on the stock. Canaccord Genuity’s price target would suggest a potential upside of 40.43% from the company’s current price.
Several other brokerages have also recently issued reports on SDL. Citigroup Inc. cut shares of SDL plc to a “neutral” rating and set a GBX 670 ($8.70) price target on the stock. in a research report on Tuesday, July 25th. N+1 Singer reissued a “corporate” rating on shares of SDL plc in a research report on Monday, April 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 544.60 ($7.07).
Shares of SDL plc (LON SDL) opened at 470.00 on Tuesday. SDL plc has a 12-month low of GBX 412.00 and a 12-month high of GBX 674.50. The company’s market cap is GBX 383.99 million. The stock has a 50 day moving average of GBX 576.70 and a 200 day moving average of GBX 566.41.
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In other news, insider Adolfo Hernandez bought 20,000 shares of SDL plc stock in a transaction that occurred on Wednesday, August 2nd. The shares were purchased at an average price of GBX 496 ($6.44) per share, with a total value of £99,200 ($128,780.99).
About SDL plc
SDL plc specializes in language translation technology, services and content management. The Company operates through four segments: Language Services, which is engaged in the provision of a translation service for customer’s multilingual content in multiple languages; Language Technology, which includes the sale of enterprise, desktop and statistical machine translation technologies together with associated consultancy and services; Global Content Technologies, which is content management and knowledge management technologies together with associated consultancy services, and Non-Core Businesses, which includes the sale of campaign management, social media monitoring and marketing analytic.
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