Canaccord Genuity reaffirmed their buy rating on shares of SDL (LON:SDL) in a research report report published on Tuesday morning. They currently have a GBX 590 ($7.90) price objective on the stock.

Separately, Peel Hunt started coverage on shares of SDL in a report on Thursday, August 17th. They issued a buy rating and a GBX 610 ($8.17) target price on the stock. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of GBX 612 ($8.20).

Shares of SDL (LON SDL) opened at GBX 475 ($6.36) on Tuesday. SDL has a fifty-two week low of GBX 412 ($5.52) and a fifty-two week high of GBX 674.50 ($9.03).

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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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