Deutsche Bank Lowers Spirent Communications Price Target to GBX 106 (SPT)
Equities research analysts at Deutsche Bank decreased their price objective on shares of Spirent Communications (LON:SPT) from GBX 110 ($1.80) to GBX 106 ($1.74) in a research note issued to investors on Thursday, Analyst Ratings Network reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price would suggest a potential upside of 23.40% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Spirent Communications in a research note to investors on Tuesday. They now have a GBX 105 ($1.72) price target on the stock. Separately, analysts at Panmure Gordon raised their price target on shares of Spirent Communications from GBX 146 ($2.39) to GBX 149 ($2.44) in a research note to investors on Friday, January 3rd. They now have a “buy” rating on the stock. Finally, analysts at Numis Securities Ltd downgraded shares of Spirent Communications to a “hold” rating in a research note to investors on Friday, November 15th. They now have a GBX 105 ($1.72) price target on the stock, down previously from GBX 145 ($2.38). One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 128.07 ($2.10).
Shares of Spirent Communications (LON:SPT) traded down 13.54% on Thursday, hitting GBX 85.90. The stock had a trading volume of 8,543,105 shares. Spirent Communications has a one year low of GBX 96.15 and a one year high of GBX 170.555. The stock has a 50-day moving average of GBX 102.3 and a 200-day moving average of GBX 120.8. The company’s market cap is £551.8 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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