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Equities researchers at Investec raised their target price on shares of SDL (LON:SDL) from GBX 360 ($5.91) to GBX 420 ($6.89) in a research report issued on Tuesday, Analyst Ratings News reports. The firm currently has a “buy” rating on the stock. Investec’s price objective suggests a potential upside of 18.31% from the company’s current price.

SDL (LON:SDL) traded up 10.27% on Tuesday, hitting GBX 373.00. 257,181 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 557.00. The stock’s 50-day moving average is GBX 328.8 and its 200-day moving average is GBX 311.1. The company’s market cap is £299.1 million.

A number of other firms have also recently commented on SDL. Analysts at N+1 Singer reiterated a “corporate” rating on shares of SDL in a research note to investors on Tuesday. Analysts at Goldman Sachs Group Inc. raised their price target on shares of SDL from GBX 335 ($5.50) to GBX 370 ($6.07) in a research note to investors on Tuesday, January 14th. They now have a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. SDL has an average rating of “Hold” and a consensus price target of GBX 372 ($6.11).

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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