Spirent Communications Plc (SPT) Receives Consensus Rating of “Buy” from Analysts
Shares of Spirent Communications Plc (LON:SPT) have been given an average rating of “Buy” by the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 127.78 ($1.70).
Several equities research analysts recently issued reports on the stock. Liberum Capital reiterated a “buy” rating and issued a GBX 134 ($1.78) target price on shares of Spirent Communications Plc in a research note on Thursday, August 3rd. N+1 Singer reiterated a “hold” rating on shares of Spirent Communications Plc in a research note on Thursday, August 3rd. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 145 ($1.93) target price on shares of Spirent Communications Plc in a research note on Friday, August 4th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a GBX 110 ($1.46) target price on shares of Spirent Communications Plc in a research note on Thursday, September 14th. Finally, Jefferies Group LLC cut their target price on shares of Spirent Communications Plc from GBX 145 ($1.93) to GBX 140 ($1.86) and set a “buy” rating for the company in a research note on Friday, September 8th.
Spirent Communications Plc (SPT) traded down 0.28% during trading on Friday, hitting GBX 90.50. The stock had a trading volume of 231,603 shares. The company’s market capitalization is GBX 553.63 million. The stock has a 50 day moving average price of GBX 94.91 and a 200 day moving average price of GBX 110.83. Spirent Communications Plc has a 12-month low of GBX 75.75 and a 12-month high of GBX 130.25.
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In other Spirent Communications Plc news, insider Eric G. Hutchinson bought 528 shares of the stock in a transaction dated Monday, September 25th. The shares were bought at an average cost of GBX 96 ($1.28) per share, with a total value of £506.88 ($673.51). Also, insider Eric G. Hutchinson bought 202 shares of the stock in a transaction dated Monday, July 24th. The shares were acquired at an average cost of GBX 124 ($1.65) per share, for a total transaction of £250.48 ($332.82). Insiders have bought 15,988 shares of company stock worth $1,660,762 over the last ninety 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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