Spirent Communications PT Lowered to GBX 135 (SPT)
Equities researchers at Citigroup Inc. lowered their target price on shares of Spirent Communications (LON:SPT) from GBX 150 ($2.43) to GBX 135 ($2.18) in a research report issued on Friday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s target price suggests a potential upside of 15.88% from the stock’s previous close.
Spirent Communications (LON:SPT) traded down 1.44% during mid-day trading on Friday, hitting GBX 116.50. The stock had a trading volume of 1,837,019 shares. Spirent Communications has a 52-week low of GBX 106.20 and a 52-week high of GBX 170.555. The stock has a 50-day moving average of GBX 128.6 and a 200-day moving average of GBX 131.1. The company’s market cap is £751.2 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of Spirent Communications from GBX 140 ($2.26) to GBX 125 ($2.02) in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Nplus1 Brewin 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 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. Spirent Communications presently has a consensus rating of “Hold” and an average price target of GBX 141.33 ($2.29).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.