Spirent Communications Rating Reiterated by Barclays (SPT)
Spirent Communications (LON:SPT)‘s stock had its “equal weight” rating reiterated by equities researchers at Barclays in a research report issued on Friday, Stock Ratings News reports. They currently have a GBX 120 ($1.94) price objective on the stock. Barclays’ price target would suggest a potential upside of 3.00% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. cut their price target on shares of Spirent Communications from GBX 150 ($2.43) to GBX 135 ($2.18) in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 141.33 ($2.29).
Shares of 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 one year low of GBX 106.20 and a one year 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.
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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