Numis Securities Ltd Reiterates “Buy” Rating for Spirent Communications Plc (SPT)
Spirent Communications Plc (LON:SPT)‘s stock had its “buy” rating restated by investment analysts at Numis Securities Ltd in a note issued to investors on Friday. They currently have a GBX 135 ($2.29) price target on the stock. Numis Securities Ltd’s target price suggests a potential upside of 36.85% from the company’s current price.
Shares of Spirent Communications Plc (LON:SPT) traded down 4.13% on Friday, hitting GBX 98.65. The stock had a trading volume of 973,360 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 97.39 and its 200-day moving average is GBX 98.64. The company’s market cap is £599.3 million.
The company also recently announced a dividend, which is scheduled for Friday, September 12th. Shareholders of record on Wednesday, August 6th will be paid a dividend of GBX 0.99 ($0.02) per share. This represents a dividend yield of 0.95%. The ex-dividend date is Wednesday, August 6th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Spirent Communications Plc in a research note on Friday. They now have a GBX 97 ($1.65) price target on the stock. Separately, analysts at Investec reiterated a “hold” rating on shares of Spirent Communications Plc in a research note on Thursday. They now have a GBX 105 ($1.78) price target on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Spirent Communications Plc in a research note on Thursday. They now have a GBX 99 ($1.68) price target on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 119.20 ($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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