SDL plc Price Target Cut to GBX 480 (SDL)
Research analysts at Jefferies Group lowered their price objective on shares of SDL plc (LON:SDL) from GBX 620 ($10.53) to GBX 480 ($8.15) in a report released on Friday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective suggests a potential upside of 54.84% from the company’s current price.
A number of other firms have also recently commented on SDL. Analysts at Panmure Gordon reiterated a “buy” rating on shares of SDL plc in a research note on Wednesday, July 9th. They now have a GBX 421 ($7.15) price target on the stock. Separately, 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 ($5.98) price target on the stock. Finally, analysts at Westhouse Securities reiterated a “buy” rating on shares of SDL plc in a research note on Monday, June 2nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 405.86 ($6.89).
SDL plc (LON:SDL) traded down 2.52% during mid-day trading on Friday, hitting GBX 310.00. 17,214 shares of the company’s stock traded hands. SDL plc has a one year low of GBX 219.75 and a one year high of GBX 525.00. The stock has a 50-day moving average of GBX 336.5 and a 200-day moving average of GBX 341.8. The company’s market cap is £249.2 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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