SDL (SDL) Given New GBX 770 Price Target at Canaccord Genuity

SDL (LON:SDL) had its price objective upped by analysts at Canaccord Genuity from GBX 650 ($8.49) to GBX 770 ($10.06) in a research report issued on Monday, Digital Look reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s price objective suggests a potential upside of 42.59% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Peel Hunt reiterated an “add” rating on shares of SDL in a report on Monday, January 21st. Numis Securities lifted their target price on SDL from GBX 465 ($6.08) to GBX 630 ($8.23) and gave the stock an “add” rating in a report on Wednesday, May 1st.

SDL stock traded up GBX 10 ($0.13) during mid-day trading on Monday, reaching GBX 540 ($7.06). The company’s stock had a trading volume of 207,397 shares, compared to its average volume of 100,309. The company has a market cap of $489.85 million and a P/E ratio of 31.95. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.05 and a current ratio of 1.17. SDL has a 12 month low of GBX 424 ($5.54) and a 12 month high of GBX 600 ($7.84).

In other SDL news, insider Adolfo Hernandez bought 10,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was acquired at an average cost of GBX 551 ($7.20) per share, for a total transaction of £55,100 ($71,997.91).

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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