Peel Hunt reaffirmed their buy rating on shares of SDL plc (LON:SDL) in a report released on Monday morning. The brokerage currently has a GBX 610 ($8.09) target price on the stock.

A number of other analysts have also recently weighed in on SDL. Canaccord Genuity cut shares of SDL plc to a hold rating and boosted their target price for the stock from GBX 565 ($7.49) to GBX 660 ($8.75) in a research note on Wednesday, June 7th. Citigroup Inc. cut SDL plc to a neutral rating and set a GBX 670 ($8.89) price target for the company. in a research note on Tuesday, July 25th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. SDL plc currently has a consensus rating of Buy and an average price target of GBX 612 ($8.12).

SDL plc (SDL) opened at 465.25 on Monday. SDL plc has a 12-month low of GBX 412.00 and a 12-month high of GBX 674.50. The firm’s market cap is GBX 380.10 million. The firm’s 50-day moving average price is GBX 465.76 and its 200 day moving average price is GBX 561.12.

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In other news, insider Adolfo Hernandez acquired 20,000 shares of SDL plc stock in a transaction dated Wednesday, August 2nd. The shares were bought at an average cost of GBX 496 ($6.58) per share, with a total value of £99,200 ($131,582.44).

About SDL plc

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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