Spirent Communications Plc (SPT) Price Target Lowered to GBX 140 at J P Morgan Chase & Co
Spirent Communications Plc (LON:SPT) had its price target lowered by research analysts at J P Morgan Chase & Co from GBX 145 ($1.87) to GBX 140 ($1.81) in a research note issued to investors on Friday. The firm presently has a “buy” rating on the stock. J P Morgan Chase & Co’s target price suggests a potential upside of 43.59% from the company’s current price.
A number of other research analysts have also commented on SPT. Jefferies Group LLC cut their target price on Spirent Communications Plc from GBX 145 ($1.87) to GBX 140 ($1.81) and set a “buy” rating for the company in a research note on Friday. Liberum Capital restated a “buy” rating and issued a GBX 134 ($1.73) target price on shares of Spirent Communications Plc in a research note on Wednesday, August 9th. N+1 Singer restated a “hold” rating on shares of Spirent Communications Plc in a research note on Thursday, August 3rd. Finally, Numis Securities Ltd restated a “buy” rating and issued a GBX 145 ($1.87) target price on shares of Spirent Communications Plc in a research note on Friday, August 4th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Spirent Communications Plc presently has an average rating of “Buy” and an average price target of GBX 125.20 ($1.62).
Spirent Communications Plc (SPT) traded up 0.26% during mid-day trading on Friday, reaching GBX 97.75. 200,430 shares of the company’s stock traded hands. Spirent Communications Plc has a 12 month low of GBX 75.75 and a 12 month high of GBX 130.25. The stock’s market capitalization is GBX 596.86 million. The firm’s 50-day moving average price is GBX 105.85 and its 200 day moving average price is GBX 113.77.
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In other Spirent Communications Plc news, insider Eric G. Hutchinson bought 218 shares of the firm’s stock in a transaction dated Monday, June 26th. The shares were bought at an average price of GBX 115 ($1.49) per share, for a total transaction of £250.70 ($323.78). Also, insider Eric G. Hutchinson bought 202 shares of the firm’s stock in a transaction dated Monday, July 24th. The shares were acquired at an average price of GBX 124 ($1.60) per share, for a total transaction of £250.48 ($323.49). Insiders have acquired 15,678 shares of company stock valued at $1,635,144 over the last quarter.
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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