SDL Price Target Lowered to GBX 270 at Panmure Gordon (SDL)
Equities research analysts at Panmure Gordon dropped their price target on shares of SDL (LON:SDL) from GBX 276 ($4.41) to GBX 270 ($4.31) in a research note issued to investors on Wednesday, Stock Ratings News reports. The firm currently has a “hold” rating on the stock. Panmure Gordon’s price target would indicate a potential upside of 4.25% from the stock’s previous close.
A number of other analysts have also recently weighed in on SDL. Analysts at Canaccord Genuity cut their price target on shares of SDL from GBX 308 ($4.92) to GBX 266 ($4.25) in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Citigroup Inc. cut their price target on shares of SDL from GBX 415 ($6.63) to GBX 320 ($5.11) in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at N+1 Singer reiterated a “corporate” rating on shares of SDL in a research note to investors on Tuesday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of GBX 387.67 ($6.19).
SDL (LON:SDL) traded up 0.39% on Wednesday, hitting GBX 260.00. The stock had a trading volume of 2,184,260 shares. SDL has a 52 week low of GBX 244.50 and a 52 week high of GBX 597.91. The stock’s 50-day moving average is GBX 347.0 and its 200-day moving average is GBX 363.6. The company’s market cap is £208.5 million.
SDL plc (LON:SDL) is engaged in providing global information management solutions and related software applications to a variety of multinational businesses.
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