Barclays PLC Reaffirms “Equal Weight” Rating for Spirent Communications Plc (SPT)
Spirent Communications Plc (LON:SPT)‘s stock had its “equal weight” rating reiterated by equities researchers at Barclays PLC in a research note issued on Monday. They currently have a GBX 74 ($0.92) price target on the stock. Barclays PLC’s price objective indicates a potential downside of 12.18% from the company’s previous close.
Several other equities analysts have also recently weighed in on the company. Citigroup Inc. lifted their price target on Spirent Communications Plc from GBX 82 ($1.01) to GBX 95 ($1.18) and gave the company a “neutral” rating in a research report on Wednesday, August 10th. Panmure Gordon lifted their price target on Spirent Communications Plc from GBX 120 ($1.49) to GBX 129 ($1.60) and gave the company a “buy” rating in a research report on Tuesday, August 2nd. Finally, Liberum Capital reiterated a “hold” rating and issued a GBX 90 ($1.11) price target on shares of Spirent Communications Plc in a research report on Tuesday, August 2nd. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 85.36 ($1.06).
Spirent Communications Plc (LON:SPT) opened at 85.00 on Monday. The company’s market capitalization is GBX 519.01 million. Spirent Communications Plc has a 52-week low of GBX 64.25 and a 52-week high of GBX 94.75. The firm has a 50-day moving average price of GBX 82.07 and a 200 day moving average price of GBX 82.49.
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In related news, insider Hutchinson,Eric G bought 278 shares of the stock in a transaction dated Wednesday, August 24th. The stock was bought at an average price of GBX 90 ($1.11) per share, with a total value of £250.20 ($309.65). Also, insider Eric G. Hutchinson bought 586 shares of the stock in a transaction dated Tuesday, September 27th. The stock was bought at an average cost of GBX 79 ($0.98) per share, with a total value of £462.94 ($572.95).
About Spirent Communications Plc
Spirent Communications plc (Spirent) is a provider of test methodologies and solutions for data communications. The Company operates through three segments: Networks & Applications, Wireless & Service Positioning and Service Assurance. The Networks & Applications segment develops solutions for functional, performance and security testing of various networks and applications that simulate real-world conditions in the lab, before a commercial launch and in the live network.
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