Panmure Gordon Reiterates “Buy” Rating for Spirent Communications (SPT)
Spirent Communications (LON:SPT)‘s stock had its “buy” rating reiterated by equities researchers at Panmure Gordon in a research report issued on Wednesday, American Banking News.com reports. They currently have a GBX 154 ($2.46) price objective on the stock. Panmure Gordon’s price objective would indicate a potential upside of 21.07% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays downgraded shares of Spirent Communications to an “equal weight” rating in a research note to investors on Tuesday. They now have a GBX 120 ($1.92) price target on the stock, down previously from GBX 165 ($2.63). Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Spirent Communications in a research note to investors on Tuesday. Finally, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Spirent Communications in a research note to investors on Tuesday. They now have a GBX 172 ($2.75) price target on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 142.21 ($2.27).
Spirent Communications (LON:SPT) traded down 2.67% during mid-day trading on Wednesday, hitting GBX 123.80. The stock had a trading volume of 3,189,308 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 £798.3 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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