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SDL plc (LON:SDL)‘s stock had its “buy” rating reaffirmed by investment analysts at Panmure Gordon in a note issued to investors on Wednesday. They currently have a GBX 421 ($7.22) target price on the stock. Panmure Gordon’s price target suggests a potential upside of 20.29% from the stock’s previous close.

SDL plc (LON:SDL) traded down 3.71% on Wednesday, hitting GBX 350.00. The stock had a trading volume of 2,536,485 shares. SDL plc has a 1-year low of GBX 219.75 and a 1-year high of GBX 408.00. The stock has a 50-day moving average of GBX 328.5 and a 200-day moving average of GBX 343.4. The company’s market cap is £281.4 million.

Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of SDL plc in a research note on Monday, June 23rd. They now have a GBX 352 ($6.04) price target on the stock. Separately, analysts at Westhouse Securities reiterated a “buy” rating on shares of SDL plc in a research note on Monday, June 2nd. Finally, analysts at Westhouse Securities initiated coverage on shares of SDL plc in a research note on Wednesday, May 14th. They set a “buy” rating and a GBX 420 ($7.20) price target on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of GBX 393.50 ($6.75).

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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