SDL (SDL) Rating Reiterated by Canaccord Genuity

Canaccord Genuity reiterated their buy rating on shares of SDL (LON:SDL) in a report issued on Friday. The brokerage currently has a GBX 550 ($7.19) price target on the stock.

A number of other equities analysts have also commented on SDL. Peel Hunt reissued an add rating and set a GBX 570 ($7.45) price target on shares of SDL in a research note on Tuesday, October 30th. Citigroup increased their price target on SDL from GBX 490 ($6.40) to GBX 535 ($6.99) and gave the company a buy rating in a research note on Tuesday, July 17th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of GBX 530 ($6.93).

Shares of SDL stock opened at GBX 484 ($6.32) on Friday. SDL has a 12 month low of GBX 333 ($4.35) and a 12 month high of GBX 674.50 ($8.81).

In related news, insider Christopher Humphrey acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, September 25th. The shares were acquired at an average cost of GBX 465 ($6.08) per share, for a total transaction of £23,250 ($30,380.24). Also, insider Glenn Collinson acquired 6,500 shares of the firm’s stock in a transaction on Friday, October 12th. The shares were bought at an average price of GBX 472 ($6.17) per share, for a total transaction of £30,680 ($40,088.85).

About SDL

SDL plc provides content management and language translation services. It operates through Language Services, Language Technologies, and Global Content Technologies segments. The company offers translation services; enterprise, desktop, and statistical machine translation technologies; and content and knowledge management technologies.

Read More: Earnings Per Share (EPS) Explained

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