Spirent Communications Plc Receives “Hold” Rating from Investec (SPT)
Spirent Communications Plc (LON:SPT)‘s stock had its “hold” rating restated by equities research analysts at Investec in a research note issued to investors on Thursday. They currently have a GBX 105 ($1.78) target price on the stock. Investec’s price target points to a potential upside of 6.44% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at N+1 Singer reiterated a “buy” rating on shares of Spirent Communications Plc in a research note on Thursday. They now have a GBX 125 ($2.12) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Spirent Communications Plc in a research note on Monday, July 28th. They now have a GBX 120 ($2.04) price target on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 119.20 ($2.02).
Shares of Spirent Communications Plc (LON:SPT) traded down 4.13% during mid-day trading on Thursday, 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 has a 50-day moving average of GBX 97.39 and a 200-day moving average of GBX 98.64. The company’s market cap is £599.3 million.
The company also recently declared a dividend, which is scheduled for Friday, September 12th. Stockholders of record on Wednesday, August 6th will be given a dividend of GBX 0.99 ($0.02) per share. This represents a yield of 0.95%. The ex-dividend date of this dividend is Wednesday, August 6th.
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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