Spirent Communications Given New GBX 135 Price Target at UBS AG (SPT)
Analysts at UBS AG decreased their price target on shares of Spirent Communications (LON:SPT) from GBX 145 ($2.31) to GBX 135 ($2.16) in a research report issued to clients and investors on Friday, AnalystRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price objective would suggest a potential upside of 7.91% from the stock’s previous close.
Spirent Communications (LON:SPT) opened at 123.20 on Friday. 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 £794.4 million.
A number of other analysts have also recently weighed in on SPT. Analysts at Goldman Sachs Group Inc. cut their price target on shares of Spirent Communications from GBX 175 ($2.79) to GBX 170 ($2.71) in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Spirent Communications in a research note to investors on Thursday. They now have a GBX 165 ($2.63) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of Spirent Communications in a research note to investors on Wednesday. They now have a GBX 154 ($2.46) price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 141.14 ($2.25).
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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