Spirent Communications Plc Receives Consensus Rating of “Hold” from Brokerages (LON:SPT)
Spirent Communications Plc (LON:SPT) has received an average rating of “Hold” from the fifteen brokerages that are covering the stock, AmericanBankingNews.com reports. Two equities research 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. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 119.20 ($1.97).
Shares of Spirent Communications Plc (LON:SPT) opened at 103.30 on Monday. 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. and a 200-day moving average of GBX 99.41. The company’s market cap is £630.5 million.
The company also recently declared a dividend, which is scheduled for Friday, September 12th. Investors 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.
SPT has been the subject of a number of recent research reports. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Spirent Communications Plc in a research note on Thursday. They now have a GBX 120 ($1.99) price target on the stock. Separately, 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. Finally, 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.
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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