Spirent Communications Given “Hold” Rating at Canaccord Genuity (SPT)
Spirent Communications (LON:SPT)‘s stock had its “hold” rating reaffirmed by research analysts at Canaccord Genuity in a report released on Monday, AR Network reports. They currently have a GBX 120 ($1.94) price target on the stock. Canaccord Genuity’s price target would suggest a potential downside of 5.44% from the company’s current price.
Spirent Communications (LON:SPT) traded down 0.08% on Monday, hitting GBX 126.80. The stock had a trading volume of 254,735 shares. Spirent Communications has a 52-week low of GBX 106.20 and a 52-week high of GBX 170.555. The stock’s 50-day moving average is GBX 133.9 and its 200-day moving average is GBX 134.. The company’s market cap is £817.6 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Spirent Communications (LON:SPT) from GBX 165 ($2.66) to GBX 175 ($2.82) in a research note to investors on Thursday, September 12th. They now have a “neutral” rating on the stock. Separately, analysts at Morgan Stanley reiterated an “underweight” rating on shares of Spirent Communications (LON:SPT) in a research note to investors on Tuesday, September 3rd. They now have a GBX 110 ($1.77) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Spirent Communications (LON:SPT) in a research note to investors on Tuesday, September 3rd. They now have a GBX 165 ($2.66) price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 147 ($2.37).
Spirent Communications plc operates in the communications test and measurement industry. The Company is organized into three business segments: Performance Analysis, Service Assurance and Systems.
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