SDL (SDL) PT Lowered to GBX 550

SDL (LON:SDL) had its target price reduced by Peel Hunt from GBX 610 ($8.21) to GBX 550 ($7.40) in a research note issued on Friday. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s price objective would indicate a potential upside of 57.86% from the stock’s previous close.

Separately, Canaccord Genuity reissued a “buy” rating and set a GBX 590 ($7.94) price target on shares of SDL in a report on Tuesday, November 28th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. SDL has an average rating of “Buy” and a consensus target price of GBX 597 ($8.03).

Shares of SDL (LON:SDL) opened at GBX 348.40 ($4.69) on Friday. SDL has a twelve month low of GBX 430 ($5.79) and a twelve month high of GBX 674.50 ($9.08).

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About SDL

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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