Spirent Communications Plc (SPT) Receives “Neutral” Rating from Goldman Sachs Group, Inc. (The)
Spirent Communications Plc (LON:SPT)‘s stock had its “neutral” rating reaffirmed by research analysts at Goldman Sachs Group, Inc. (The) in a report released on Thursday. They presently have a GBX 110 ($1.42) price objective on the stock. Goldman Sachs Group, Inc. (The)’s target price points to a potential upside of 14.58% from the stock’s previous close.
SPT has been the subject of several other research reports. Jefferies Group LLC raised Spirent Communications Plc to a “buy” rating and increased their price target for the company from GBX 88 ($1.14) to GBX 145 ($1.87) in a research note on Thursday, July 20th. J P Morgan Chase & Co reduced their price objective 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, September 8th. Liberum Capital reissued a “buy” rating and issued a GBX 134 ($1.73) price objective on shares of Spirent Communications Plc in a research note on Wednesday, August 9th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 145 ($1.87) price objective on shares of Spirent Communications Plc in a research note on Friday, August 4th. Finally, N+1 Singer restated a “hold” rating on shares of Spirent Communications Plc in a report on Thursday, August 3rd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 125.90 ($1.63).
Shares of Spirent Communications Plc (LON SPT) traded up 0.52% during mid-day trading on Thursday, reaching GBX 96.00. The company had a trading volume of 472,499 shares. The company’s market cap is GBX 586.17 million. Spirent Communications Plc has a 52-week low of GBX 75.75 and a 52-week high of GBX 130.25. The firm’s 50-day moving average price is GBX 102.53 and its 200 day moving average price is GBX 113.56.
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In other Spirent Communications Plc news, insider Eric G. Hutchinson bought 202 shares of the business’s stock in a transaction on Monday, July 24th. The shares were acquired at an average cost of GBX 124 ($1.60) per share, for a total transaction of £250.48 ($323.49). Also, insider Gary Bullard bought 15,000 shares of the business’s stock in a transaction on Monday, August 14th. The shares were acquired at an average price of GBX 104 ($1.34) per share, for a total transaction of £15,600 ($20,147.23). Insiders purchased a total of 15,678 shares of company stock worth $1,635,144 in the last 90 days.
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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