Spirent Communications Plc (SPT) Given New GBX 140 Price Target at Jefferies Group LLC
Spirent Communications Plc (LON:SPT) had its price objective reduced by research analysts at Jefferies Group LLC from GBX 145 ($1.87) to GBX 140 ($1.81) in a research report issued on Friday. The brokerage currently has a “buy” rating on the stock. Jefferies Group LLC’s target price would indicate a potential upside of 43.22% from the stock’s previous close.
A number of other equities analysts also recently weighed in on the stock. Liberum Capital reissued a “buy” rating and issued a GBX 134 ($1.73) price target on shares of Spirent Communications Plc in a report on Wednesday, August 9th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 145 ($1.87) price target on shares of Spirent Communications Plc in a report on Friday, August 4th. Finally, N+1 Singer reissued a “hold” rating on shares of Spirent Communications Plc in a report on Thursday, August 3rd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 125.20 ($1.62).
Shares of Spirent Communications Plc (LON SPT) traded up 0.26% during trading on Friday, hitting GBX 97.75. 200,430 shares of the stock traded hands. The stock has a 50 day moving average price of GBX 105.85 and a 200-day moving average price of GBX 113.77. The stock’s market cap is GBX 596.86 million. Spirent Communications Plc has a 1-year low of GBX 75.75 and a 1-year high of GBX 130.25.
Spirent Communications Plc (LON:SPT) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.02 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.02. Spirent Communications Plc had a net margin of 5.29% and a return on equity of 6.64%. Equities analysts forecast that Spirent Communications Plc will post $0.07 EPS for the current year.
ILLEGAL ACTIVITY WARNING: “Spirent Communications Plc (SPT) Given New GBX 140 Price Target at Jefferies Group LLC” was first posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/09/09/spirent-communications-plc-spt-given-new-gbx-140-price-target-at-jefferies-group-llc.html.
In other news, insider Eric G. Hutchinson acquired 258 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were acquired at an average cost of GBX 97 ($1.25) per share, for a total transaction of £250.26 ($323.21). Also, insider Eric G. Hutchinson acquired 202 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was purchased at an average price of GBX 124 ($1.60) per share, for a total transaction of £250.48 ($323.49). Insiders purchased a total of 15,678 shares of company stock worth $1,635,144 over the last 90 days.
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.
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.