SDL (LON:SDL) had its price objective cut by Peel Hunt from GBX 610 ($8.21) to GBX 550 ($7.40) in a report issued on Friday morning. They currently have a buy rating on the stock.

Separately, Canaccord Genuity reissued a buy rating and set a GBX 590 ($7.94) price target on shares of SDL in a research report on Tuesday, November 28th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. SDL presently has a consensus rating of Buy and an average price target of GBX 597 ($8.03).

Shares of SDL (SDL) opened at GBX 361.75 ($4.87) on Friday. SDL has a twelve month low of GBX 333 ($4.48) and a twelve month high of GBX 674.50 ($9.08).

In other SDL news, insider Glenn Collinson purchased 14,500 shares of the company’s stock in a transaction that occurred on 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).

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About SDL

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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