Citigroup Increases SDL (LON:SDL) Price Target to GBX 535

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SDL (LON:SDL) had its price target lifted by Citigroup from GBX 490 ($6.34) to GBX 535 ($6.93) in a report published on Tuesday, July 17th. They currently have a buy rating on the stock.

Separately, Peel Hunt increased their price target on SDL from GBX 460 ($5.95) to GBX 500 ($6.47) and gave the stock an add rating in a report on Monday, July 16th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of GBX 522.50 ($6.76).

SDL stock traded up GBX 2 ($0.03) on Tuesday, reaching GBX 502 ($6.50). The company’s stock had a trading volume of 28,547 shares, compared to its average volume of 100,309. SDL has a twelve month low of GBX 333 ($4.31) and a twelve month high of GBX 674.50 ($8.73).

In other news, insider Adolfo Hernandez acquired 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The stock was acquired at an average cost of GBX 520 ($6.73) per share, for a total transaction of £65,000 ($84,142.39).

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.

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