Peel Hunt reissued their buy rating on shares of SDL plc (LON:SDL) in a report published on Wednesday morning. The brokerage currently has a GBX 610 ($8.05) price objective on the stock.

SDL has been the topic of several other reports. Citigroup Inc lowered SDL plc to a neutral rating and set a GBX 670 ($8.84) price objective on the stock. in a research note on Tuesday, July 25th. Canaccord Genuity upgraded SDL plc to a buy rating and lowered their price objective for the company from GBX 660 ($8.71) to GBX 590 ($7.79) in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of GBX 612 ($8.08).

SDL plc (LON SDL) opened at GBX 551 ($7.27) on Wednesday.

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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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