SDL Price Target Cut to GBX 320 by Analysts at Citigroup Inc. (SDL)
Stock analysts at Citigroup Inc. decreased their price objective on shares of SDL (LON:SDL) from GBX 415 ($6.63) to GBX 320 ($5.11) in a report issued on Wednesday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s target price would suggest a potential upside of 23.08% from the stock’s previous close.
SDL (LON:SDL) traded up 2.26% during mid-day trading on Wednesday, hitting GBX 260.00. 86,466 shares of the company’s stock traded hands. SDL has a 52-week low of GBX 219.75 and a 52-week high of GBX 597.91. The stock has a 50-day moving average of GBX 319.6 and a 200-day moving average of GBX 341.5. The company’s market cap is £208.5 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at N+1 Singer reiterated a “corporate” rating on shares of SDL in a research note to investors on Tuesday. Separately, analysts at Goldman Sachs Group Inc. reiterated a “neutral/attractive” rating on shares of SDL in a research note to investors on Tuesday, October 8th. They now have a GBX 450 ($7.18) price target on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 387.67 ($6.19).
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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