Spirent Communications Plc Given Hold Rating at Canaccord Genuity (SPT)
Spirent Communications Plc (LON:SPT)‘s stock had its “hold” rating reaffirmed by Canaccord Genuity in a research note issued on Thursday. They currently have a GBX 120 ($1.99) target price on the stock. Canaccord Genuity’s target price indicates a potential upside of 16.05% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Spirent Communications Plc in a research note on Friday, August 1st. They now have a GBX 135 ($2.23) price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Spirent Communications Plc in a research note on Friday, August 1st. They now have a GBX 97 ($1.61) price target on the stock. Finally, analysts at Investec reiterated a “hold” rating on shares of Spirent Communications Plc in a research note on Thursday, July 31st. They now have a GBX 105 ($1.74) 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 given a buy rating to the company’s stock. Spirent Communications Plc has an average rating of “Hold” and a consensus price target of GBX 119.20 ($1.97).
Shares of Spirent Communications Plc (LON:SPT) opened at 103.20 on Thursday. Spirent Communications Plc has a one year low of GBX 81.40 and a one year high of GBX 137.60. The stock has a 50-day moving average of GBX 99.24 and a 200-day moving average of GBX 99.39. The company’s market cap is £629.9 million.
The company also recently declared a dividend, which is scheduled for Friday, September 12th. Shareholders 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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