Spirent Communications Plc (SPT) Given Average Rating of “Hold” by Brokerages
Shares of Spirent Communications Plc (LON:SPT) have been given an average rating of “Hold” by the nine research firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 126 ($1.64).
SPT has been the topic of a number of research analyst reports. Barclays PLC lifted their price target on shares of Spirent Communications Plc from GBX 74 ($0.96) to GBX 101 ($1.32) and gave the company an “equal weight” rating in a research note on Tuesday, April 11th. Deutsche Bank AG lifted their price target on shares of Spirent Communications Plc from GBX 84 ($1.09) to GBX 120 ($1.56) and gave the company a “hold” rating in a research note on Wednesday, April 12th. N+1 Singer reissued a “hold” rating and issued a GBX 109 ($1.42) price target on shares of Spirent Communications Plc in a research note on Wednesday, May 3rd. Liberum Capital reissued a “buy” rating and issued a GBX 134 ($1.75) price target on shares of Spirent Communications Plc in a research note on Monday, May 8th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a GBX 88 ($1.15) price target on shares of Spirent Communications Plc in a research note on Monday, May 8th.
Shares of Spirent Communications Plc (LON SPT) traded up 0.94% during trading on Tuesday, reaching GBX 107.00. 134,216 shares of the company’s stock traded hands. The company has a 50 day moving average price of GBX 118.72 and a 200-day moving average price of GBX 114.09. Spirent Communications Plc has a one year low of GBX 74.50 and a one year high of GBX 130.25. The stock’s market cap is GBX 653.34 million.
In related news, insider Bill Thomas purchased 25,486 shares of Spirent Communications Plc stock in a transaction dated Friday, May 19th. The shares were acquired at an average price of GBX 118 ($1.54) per share, for a total transaction of £30,073.48 ($39,163.28). Also, insider Eric G. Hutchinson purchased 202 shares of Spirent Communications Plc stock in a transaction dated Monday, July 24th. The shares were bought at an average price of GBX 124 ($1.61) per share, for a total transaction of £250.48 ($326.19). In the last quarter, insiders have bought 26,398 shares of company stock worth $3,116,506.
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Spirent Communications Plc Company Profile
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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