SDL (LON:SDL) had its price objective increased by equities researchers at Canaccord Genuity from GBX 520 ($6.77) to GBX 550 ($7.16) in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s price objective points to a potential upside of 21.68% from the company’s current price.

Several other analysts have also weighed in on the stock. Peel Hunt reiterated an “add” rating on shares of SDL in a research note on Friday, August 31st. Citigroup boosted their target price on shares of SDL from GBX 490 ($6.38) to GBX 535 ($6.97) and gave the company a “buy” rating in a research note on Tuesday, July 17th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. SDL currently has an average rating of “Buy” and an average price target of GBX 530 ($6.90).

SDL stock traded up GBX 2 ($0.03) during trading on Tuesday, hitting GBX 452 ($5.89). 9,670 shares of the company’s stock traded hands, compared to its average volume of 100,309. SDL has a 52 week low of GBX 333 ($4.34) and a 52 week high of GBX 674.50 ($8.79).

In other SDL news, insider Adolfo Hernandez bought 12,500 shares of the stock in a transaction on Tuesday, August 7th. The stock was purchased at an average price of GBX 520 ($6.77) per share, for a total transaction of £65,000 ($84,668.49).

SDL Company Profile

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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