Spirent Communications Plc (SPT) Stock Rating Upgraded by Jefferies Group LLC
Spirent Communications Plc (LON:SPT) was upgraded by equities research analysts at Jefferies Group LLC to a “buy” rating in a research note issued to investors on Thursday. The firm presently has a GBX 145 ($1.89) target price on the stock, up from their previous target price of GBX 88 ($1.15). Jefferies Group LLC’s price objective suggests a potential upside of 16.47% from the company’s current price.
SPT has been the subject of a number of other reports. Liberum Capital reaffirmed a “buy” rating and set a GBX 134 ($1.75) target price on shares of Spirent Communications Plc in a research report on Monday, May 8th. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 145 ($1.89) target price on shares of Spirent Communications Plc in a research report on Monday, May 8th. UBS AG lifted their target price on Spirent Communications Plc from GBX 98 ($1.28) to GBX 115 ($1.50) and gave the company a “neutral” rating in a research report on Thursday, March 23rd. Barclays PLC lifted their target price on Spirent Communications Plc from GBX 74 ($0.97) to GBX 101 ($1.32) and gave the company an “equal weight” rating in a research report on Tuesday, April 11th. Finally, Citigroup Inc. raised Spirent Communications Plc to a “buy” rating and lifted their target price for the company from GBX 90 ($1.18) to GBX 145 ($1.89) in a research report on Tuesday, May 9th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 124.60 ($1.63).
Shares of Spirent Communications Plc (LON:SPT) traded up 1.63% during midday trading on Thursday, reaching GBX 124.50. The company had a trading volume of 427,184 shares. Spirent Communications Plc has a 1-year low of GBX 75.75 and a 1-year high of GBX 130.25. The stock’s market capitalization is GBX 760.20 million. The firm’s 50 day moving average price is GBX 119.55 and its 200-day moving average price is GBX 112.22.
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In related news, insider Bill Thomas purchased 25,486 shares of the business’s stock in a transaction dated Friday, May 19th. The shares were acquired at an average cost of GBX 118 ($1.54) per share, for a total transaction of £30,073.48 ($39,270.67). Also, insider Eric G. Hutchinson purchased 218 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was bought at an average price of GBX 115 ($1.50) per share, for a total transaction of £250.70 ($327.37). Insiders bought a total of 26,410 shares of company stock worth $3,116,282 over the last quarter.
About Spirent Communications Plc
Spirent Communications plc enables service provider networks, data centers, enterprise information technology (IT), mobile communications, connected vehicles or the Internet of Things to communicate and collaborate. The Company’s segments include Networks & Applications, Wireless & Service Positioning and Service Assurance.
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