Spirent Communications Plc (LON:SPT) was upgraded by Numis Securities Ltd to a “buy” rating in a note issued to investors on Monday. The firm presently has a GBX 145 ($1.79) price objective on the stock, up from their prior price objective of GBX 80 ($0.99). Numis Securities Ltd’s target price would suggest a potential upside of 32.42% from the stock’s previous close.

Several other brokerages have also recently weighed in on SPT. N+1 Singer reissued a “hold” rating and issued a GBX 109 ($1.35) price objective on shares of Spirent Communications Plc in a research note on Friday, March 10th. Liberum Capital reissued a “hold” rating and issued a GBX 90 ($1.11) price objective on shares of Spirent Communications Plc in a research note on Thursday, March 2nd. Goldman Sachs Group Inc boosted their price objective on shares of Spirent Communications Plc from GBX 76 ($0.94) to GBX 103 ($1.27) and gave the stock a “neutral” rating in a research note on Friday, January 20th. Finally, Barclays PLC reissued an “equal weight” rating and issued a GBX 74 ($0.91) price objective on shares of Spirent Communications Plc in a research note on Tuesday, January 10th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Spirent Communications Plc has a consensus rating of “Hold” and an average price target of GBX 102.63 ($1.27).

Analyst Recommendations for Spirent Communications Plc (LON:SPT)

Shares of Spirent Communications Plc (LON:SPT) traded up 0.46% during trading on Monday, hitting GBX 109.50. The stock had a trading volume of 480,133 shares. The company’s market capitalization is GBX 668.61 million. The firm has a 50-day moving average of GBX 103.30 and a 200 day moving average of GBX 90.67. Spirent Communications Plc has a 1-year low of GBX 72.00 and a 1-year high of GBX 111.25.

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/03/20/spirent-communications-plc-spt-upgraded-to-buy-at-numis-securities-ltd.html

The company also recently announced a dividend, which will be paid on Friday, May 5th. Investors of record on Thursday, March 9th will be issued a GBX 1.80 ($0.02) dividend. This is a positive change from Spirent Communications Plc’s previous dividend of $1.27. The ex-dividend date of this dividend is Thursday, March 9th. This represents a yield of 1.71%.

Your IP Address:

In related news, insider Eric G. Hutchinson acquired 256 shares of the company’s stock in a transaction dated Wednesday, December 28th. The shares were purchased at an average price of GBX 98 ($1.21) per share, for a total transaction of £250.88 ($309.84). Also, insider Eric G. Hutchinson acquired 182,713 shares of the company’s stock in a transaction dated Wednesday, March 15th. The shares were bought at an average price of GBX 109 ($1.35) per share, for a total transaction of £199,157.17 ($245,964.15). In the last 90 days, insiders purchased 258,223 shares of company stock worth $27,915,951.

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.

Receive News & Ratings for Spirent Communications Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirent Communications Plc and related companies with MarketBeat.com's FREE daily email newsletter.