Several other research analysts have also weighed in on the company. Citigroup upgraded SDL to a buy rating and reduced their target price for the stock from GBX 500 ($7.02) to GBX 490 ($6.88) in a report on Thursday, March 8th. Numis Securities upgraded SDL to an add rating and set a GBX 465 ($6.53) target price on the stock in a report on Wednesday, March 7th. Canaccord Genuity reduced their target price on SDL from GBX 560 ($7.86) to GBX 520 ($7.30) and set a buy rating on the stock in a report on Tuesday, March 6th. Finally, N+1 Singer restated a corporate rating on shares of SDL in a report on Friday, December 15th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of GBX 483.75 ($6.79).
SDL stock opened at GBX 400 ($5.61) on Wednesday. SDL has a 1-year low of GBX 333 ($4.67) and a 1-year high of GBX 674.50 ($9.47).
The company also recently declared a dividend, which will be paid on Friday, June 8th. Stockholders of record on Thursday, May 10th will be issued a GBX 6.20 ($0.09) dividend. The ex-dividend date is Thursday, May 10th. This represents a dividend yield of 1.47%.
In other news, insider Adolfo Hernandez purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, March 7th. The shares were bought at an average cost of GBX 386 ($5.42) per share, for a total transaction of £77,200 ($108,366.09).
SDL Company Profile
SDL plc provides translation and content management 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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