Spirent Communications Given Buy Rating at Citigroup Inc. (SPT)
Spirent Communications (LON:SPT)‘s stock had its “buy” rating restated by equities research analysts at Citigroup Inc. in a research note issued to investors on Wednesday, AnalystRatingsNetwork reports. They currently have a GBX 150 ($2.42) price target on the stock. Citigroup Inc.’s price target would indicate a potential upside of 18.02% from the stock’s previous close.
A number of other analysts have also recently weighed in on SPT. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Spirent Communications (LON:SPT) in a research note to investors on Wednesday. They now have a GBX 169 ($2.73) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Spirent Communications (LON:SPT) in a research note to investors on Wednesday. They now have a GBX 140 ($2.26) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Spirent Communications (LON:SPT) in a research note to investors on Monday. They now have a GBX 120 ($1.94) price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. Spirent Communications has a consensus rating of “Hold” and an average price target of GBX 146.07 ($2.36).
Spirent Communications (LON:SPT) traded down 0.39% during mid-day trading on Wednesday, hitting GBX 126.60. The stock had a trading volume of 106,179 shares. Spirent Communications has a one year low of GBX 106.20 and a one year 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 £816.3 million.
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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