Spirent Communications Plc (SPT) Earns Equal Weight Rating from Barclays PLC
Spirent Communications Plc (LON:SPT)‘s stock had its “equal weight” rating reiterated by equities researchers at Barclays PLC in a research report issued on Monday. They currently have a GBX 74 ($0.92) price target on the stock. Barclays PLC’s price objective suggests a potential downside of 12.18% from the company’s previous close.
A number of other research analysts have also recently issued reports on the stock. Panmure Gordon reiterated a “buy” rating and set a GBX 120 ($1.49) price objective on shares of Spirent Communications Plc in a report on Monday, July 18th. Liberum Capital reiterated a “hold” rating and set a GBX 90 ($1.11) price objective on shares of Spirent Communications Plc in a report on Tuesday, August 2nd. Finally, Citigroup Inc. lifted their price objective on shares of Spirent Communications Plc from GBX 82 ($1.01) to GBX 95 ($1.18) and gave the company a “neutral” rating in a report on Wednesday, August 10th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Spirent Communications Plc presently has a consensus rating of “Hold” and a consensus price target 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 12-month low of GBX 64.25 and a 12-month high of GBX 94.75. The firm has a 50-day moving average of GBX 82.07 and a 200 day moving average of GBX 82.49.
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In related news, insider Eric G. Hutchinson acquired 586 shares of the stock in a transaction on Tuesday, September 27th. The shares were acquired at an average price of GBX 79 ($0.98) per share, with a total value of £462.94 ($572.95). Also, insider Hutchinson,Eric G acquired 278 shares of the stock in a transaction on Wednesday, August 24th. The stock was bought at an average cost of GBX 90 ($1.11) per share, for a total transaction of £250.20 ($309.65).
Spirent Communications Plc Company Profile
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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