SDL (SDL) Given New GBX 560 Price Target at Canaccord Genuity

SDL (LON:SDL) had its target price decreased by equities researchers at Canaccord Genuity from GBX 590 ($8.00) to GBX 560 ($7.59) in a note issued to investors on Monday. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity’s price objective suggests a potential upside of 32.08% from the company’s previous close.

A number of other equities research analysts have also issued reports on SDL. Peel Hunt reaffirmed a “buy” rating and set a GBX 610 ($8.27) price objective on shares of SDL in a report on Monday, October 2nd. N+1 Singer reiterated a “corporate” rating on shares of SDL in a research report on Friday, December 15th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. SDL has a consensus rating of “Buy” and an average target price of GBX 589.50 ($7.99).

Shares of SDL (SDL) traded down GBX 5 ($0.07) on Monday, reaching GBX 424 ($5.75). 87,433 shares of the company’s stock were exchanged, compared to its average volume of 88,834. SDL has a twelve month low of GBX 333 ($4.52) and a twelve month high of GBX 674.50 ($9.15). The stock has a market cap of $349.33 and a price-to-earnings ratio of 4,240.00.

In other news, insider Glenn Collinson bought 14,500 shares of the stock in a transaction dated Friday, December 15th. The stock was purchased at an average cost of GBX 356 ($4.83) per share, for a total transaction of £51,620 ($70,002.71).

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SDL Company Profile

SDL plc specializes in language translation technology, services and content management. The Company operates through four segments: Language Services, which is engaged in the provision of a translation service for customer’s multilingual content in multiple languages; Language Technology, which includes the sale of enterprise, desktop and statistical machine translation technologies together with associated consultancy and services; Global Content Technologies, which is content management and knowledge management technologies together with associated consultancy services, and Non-Core Businesses, which includes the sale of campaign management, social media monitoring and marketing analytic.

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