Spirent Communications Price Target Lowered to GBX 110 at Citigroup Inc. (SPT)
Equities researchers at Citigroup Inc. reduced their target price on shares of Spirent Communications (LON:SPT) from GBX 135 ($2.22) to GBX 110 ($1.81) in a research report issued on Tuesday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s price target points to a potential upside of 15.00% from the company’s current price.
Spirent Communications (LON:SPT) traded up 0.53% during mid-day trading on Tuesday, hitting GBX 95.65. 761,850 shares of the company’s stock traded hands. Spirent Communications has a one year low of GBX 81.40 and a one year high of GBX 170.555. The stock’s 50-day moving average is GBX 98.85 and its 200-day moving average is GBX 117.7. The company’s market cap is £614.4 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd upgraded shares of Spirent Communications to an “add” rating in a research note to investors on Monday. They now have a GBX 105 ($1.72) price target on the stock. Separately, analysts at Investec cut their price target on shares of Spirent Communications from GBX 125 ($2.05) to GBX 85 ($1.40) in a research note to investors on Wednesday, January 15th. They now have a “hold” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Spirent Communications in a research note to investors on Tuesday, January 14th. They now have a GBX 85 ($1.40) price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 117.87 ($1.93).
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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