Canaccord Genuity Reaffirms “Buy” Rating for SDL (SDL)
SDL (LON:SDL)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity in a report released on Tuesday. They presently have a GBX 590 ($7.87) price objective on the stock. Canaccord Genuity’s price objective suggests a potential upside of 26.14% from the stock’s current price.
Separately, Peel Hunt reissued a “buy” rating and issued a GBX 610 ($8.13) price objective on shares of SDL in a research note on Monday, October 2nd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. SDL has an average rating of “Buy” and a consensus target price of GBX 612 ($8.16).
Shares of SDL (LON:SDL) traded down GBX 12.50 ($0.17) during midday trading on Tuesday, hitting GBX 467.75 ($6.24). 29,510 shares of the stock were exchanged, compared to its average volume of 42,220. SDL has a 1 year low of GBX 412 ($5.49) and a 1 year high of GBX 674.50 ($8.99).
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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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