Peel Hunt reaffirmed their buy rating on shares of SDL plc (LON:SDL) in a research note published on Monday. They currently have a GBX 610 ($8.09) price target on the stock.

SDL has been the topic of a number of other research reports. Citigroup Inc. cut SDL plc to a neutral rating and set a GBX 670 ($8.89) target price on the stock. in a report on Tuesday, July 25th. Canaccord Genuity upgraded SDL plc to a buy rating and lowered their target price for the company from GBX 660 ($8.75) to GBX 590 ($7.83) in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of GBX 612 ($8.12).

SDL plc (SDL) opened at 471.25 on Monday. The firm’s 50-day moving average price is GBX 465.90 and its 200-day moving average price is GBX 559.99. SDL plc has a 1-year low of GBX 412.00 and a 1-year high of GBX 674.50. The firm’s market cap is GBX 385.01 million.

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In related news, insider Adolfo Hernandez bought 20,000 shares of the stock in a transaction on Wednesday, August 2nd. The shares were purchased at an average price of GBX 496 ($6.58) per share, for a total transaction of £99,200 ($131,582.44).

SDL plc Company Profile

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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