Insider Buying: SDL plc (SDL) Insider Purchases £51,620 in Stock
SDL plc (LON:SDL) insider Glenn Collinson purchased 14,500 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were purchased at an average cost of GBX 356 ($4.79) per share, with a total value of £51,620 ($69,475.10).
SDL plc (LON SDL) opened at GBX 398.75 ($5.37) on Thursday. SDL plc has a one year low of GBX 333 ($4.48) and a one year high of GBX 674.50 ($9.08).
SDL has been the subject of several research reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 610 ($8.21) price target on shares of SDL in a research note on Tuesday, November 14th. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 590 ($7.94) price target on shares of SDL in a research note on Tuesday, November 28th. Finally, N+1 Singer reaffirmed a “corporate” rating on shares of SDL in a research note on Friday, December 15th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. SDL currently has a consensus rating of “Buy” and a consensus price target of GBX 597 ($8.03).
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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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