Nplus1 Brewin Reiterates Buy Rating for Spirent Communications (SPT)
Spirent Communications (LON:SPT)‘s stock had its “buy” rating reiterated by stock analysts at Nplus1 Brewin in a report issued on Thursday, American Banking and Market News reports. They currently have a GBX 160 ($2.59) target price on the stock. Nplus1 Brewin’s price objective would suggest a potential upside of 29.55% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Spirent Communications in a research note to investors on Thursday. They now have a GBX 150 ($2.43) price target on the stock. Separately, analysts at N+1 Singer reiterated a “buy” rating on shares of Spirent Communications in a research note to investors on Thursday. They now have a GBX 160 ($2.59) price target on the stock. Finally, analysts at UBS AG cut their price target on shares of Spirent Communications from GBX 145 ($2.34) to GBX 135 ($2.18) in a research note to investors on Friday, October 18th. They now have a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. Spirent Communications has an average rating of “Hold” and a consensus target price of GBX 143.29 ($2.32).
Shares of Spirent Communications (LON:SPT) opened at 117.70 on Thursday. 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 128.6 and its 200-day moving average is GBX 131.1. The company’s market cap is £758.9 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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