Spirent Communications Plc Receives “Hold” Rating from Canaccord Genuity (SPT)
Spirent Communications Plc (LON:SPT)‘s stock had its “hold” rating restated by Canaccord Genuity in a research note issued on Monday. They currently have a GBX 120 ($2.04) price target on the stock. Canaccord Genuity’s target price would indicate a potential upside of 19.52% from the stock’s previous close.
Shares of Spirent Communications Plc (LON:SPT) traded down 1.49% on Monday, hitting GBX 99.30. The stock had a trading volume of 181,335 shares. Spirent Communications Plc has a 52-week low of GBX 81.40 and a 52-week high of GBX 158.90. The stock’s 50-day moving average is GBX 97.13 and its 200-day moving average is GBX 98.42. The company’s market cap is £609.1 million.
SPT has been the subject of a number of other recent research reports. Analysts at Jefferies Group cut their price target on shares of Spirent Communications Plc from GBX 108 ($1.83) to GBX 96 ($1.63) in a research note on Tuesday, July 22nd. They now have a “hold” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Spirent Communications Plc in a research note on Tuesday, July 15th. They now have a GBX 105 ($1.78) price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Spirent Communications Plc in a research note on Tuesday, July 8th. They now have a GBX 97 ($1.65) price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 119 ($2.02).
Spirent Communications plc, operates in the communications test and measurement industry. The Company is organized into two business segments: Performance Analysis and Service Assurance.
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