Citigroup Inc. downgraded shares of SDL plc (LON:SDL) to a neutral rating in a research note issued to investors on Tuesday, July 25th. Citigroup Inc. currently has GBX 670 ($8.84) price objective on the stock.
A number of other equities research analysts have also weighed in on the stock. Canaccord Genuity lowered shares of SDL plc to a hold rating and boosted their price objective for the company from GBX 565 ($7.45) to GBX 660 ($8.71) in a report on Wednesday, June 7th. N+1 Singer reissued a corporate rating on shares of SDL plc in a report on Monday, April 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of GBX 528.25 ($6.97).
Shares of SDL plc (SDL) traded up 0.41% during midday trading on Tuesday, reaching GBX 489.00. The company’s stock had a trading volume of 105,999 shares. SDL plc has a 52-week low of GBX 388.00 and a 52-week high of GBX 674.50. The stock has a 50-day moving average price of GBX 624.60 and a 200-day moving average price of GBX 568.02. The stock’s market cap is GBX 398.54 million.
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In other news, insider Adolfo Hernandez acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was acquired at an average price of GBX 496 ($6.54) per share, for a total transaction of £99,200 ($130,853.45).
SDL plc 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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