Peel Hunt upgraded shares of SDL plc (LON:SDL) to a buy rating in a research note released on Wednesday morning, MarketBeat.Com reports. They currently have GBX 495 ($7.06) price objective on the stock, up from their previous price objective of GBX 400 ($5.71).

Shares of SDL plc (LON:SDL) opened at 459.2500 on Wednesday. SDL plc has a 52 week low of GBX 315.00 and a 52 week high of GBX 472.00. The company has a 50 day moving average of GBX 430.71 and a 200-day moving average of GBX 398.97. The company’s market cap is GBX 371.99 million.

In related news, insider Batterham,Christopher bought 13,105 shares of the firm’s stock in a transaction on Friday, November 6th. The stock was purchased at an average price of GBX 408 ($5.82) per share, with a total value of £53,468.40 ($76,285.35).

A number of other equities analysts also recently weighed in on SDL. Panmure Gordon reiterated a buy rating and issued a GBX 471 ($6.72) target price on shares of SDL plc in a report on Friday, October 2nd. Numis Securities Ltd reiterated a buy rating and issued a GBX 530 ($7.56) target price on shares of SDL plc in a report on Friday, October 2nd. N+1 Singer reiterated a corporate rating on shares of SDL plc in a report on Friday, October 2nd. Canaccord Genuity dropped their target price on SDL plc from GBX 431 ($6.15) to GBX 390 ($5.56) and set a hold rating on the stock in a report on Monday, October 5th. Finally, Citigroup Inc. upgraded SDL plc to a buy rating and increased their price objective for the stock from GBX 380 ($5.42) to GBX 500 ($7.13) in a report on Wednesday, January 20th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. SDL plc currently has an average rating of Buy and a consensus price target of GBX 502.38 ($7.17).

SDL PLC is a provider of an integrated cloud solution. The Company’s digital experience includes a set of digital experience accelerators that allow the creation of Web and optimized e-commerce experiences. Its Knowledge center includes the creation of product knowledge views that offer an experience for documentation and self-service support. Customer analytics includes a single view of customer data, including profile, situational data, transactional data and third-party data. Language includes helping global brands in communicating across regions and languages. Its segments include the Language Services segment, which provides translation service for customer’s multilingual content in multiple languages, and the Technology segment, which includes the sale of enterprise, desktop and statistical machine translation technologies, content management campaign management, social media monitoring and marketing analytic technologies together with associated consultancy and other services.

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