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SDL (LON:SDL) was upgraded by analysts at Citigroup Inc. to a “buy” rating in a research report issued to clients and investors on Wednesday, Stock Ratings Network reports. The firm currently has a GBX 420 ($6.89) target price on the stock, up from their previous target price of GBX 320 ($5.25). Citigroup Inc.’s price target suggests a potential upside of 18.31% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of SDL in a research note to investors on Tuesday. They now have a GBX 338 ($5.55) price target on the stock. Separately, analysts at Investec raised their price target on shares of SDL from GBX 360 ($5.91) to GBX 420 ($6.89) in a research note to investors on Tuesday. 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. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 386.29 ($6.34).

SDL (LON:SDL) opened at 378.6488 on Wednesday. SDL has a one year low of GBX 219.75 and a one year high of GBX 557.00. The stock has a 50-day moving average of GBX 328.8 and a 200-day moving average of GBX 311.1. The company’s market cap is £303.7 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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