Canaccord Genuity Increases SDL (SDL) Price Target to GBX 770

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SDL (LON:SDL) had its price target lifted by Canaccord Genuity from GBX 650 ($8.49) to GBX 770 ($10.06) in a report issued on Monday, Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price would suggest a potential upside of 42.07% from the company’s current price.

Several other research firms have also recently commented on SDL. Peel Hunt restated an “add” rating on shares of SDL in a research note on Monday, March 18th. Numis Securities restated a “buy” rating and issued a GBX 630 ($8.23) target price on shares of SDL in a research note on Monday, January 21st.

LON SDL opened at GBX 542 ($7.08) on Monday. The company has a market capitalization of $491.67 million and a price-to-earnings ratio of 32.07. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 2.20. SDL has a 52 week low of GBX 424 ($5.54) and a 52 week high of GBX 600 ($7.84).

In other news, insider Adolfo Hernandez bought 10,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were purchased at an average price 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.

Further Reading: Return on Investment (ROI) Defined, Explained

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