Spirent Communications Plc (SPT) Receives Consensus Recommendation of “Hold” from Analysts

Spirent Communications Plc (LON:SPT) has been assigned a consensus rating of “Hold” from the eleven analysts that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 127.78 ($1.71).

SPT has been the topic of several recent research reports. Berenberg Bank restated a “hold” rating on shares of Spirent Communications in a research report on Monday, November 20th. JPMorgan Chase & Co. dropped their price target on Spirent Communications from GBX 145 ($1.94) to GBX 140 ($1.87) and set a “buy” rating on the stock in a research report on Friday, September 8th. Jefferies Group dropped their price target on Spirent Communications from GBX 145 ($1.94) to GBX 140 ($1.87) and set a “buy” rating on the stock in a research report on Friday, September 8th. Liberum Capital restated a “buy” rating and issued a GBX 134 ($1.79) price target on shares of Spirent Communications in a research report on Friday, November 10th. Finally, Goldman Sachs Group reiterated a “neutral” rating and set a GBX 110 ($1.47) target price on shares of Spirent Communications in a research report on Thursday, September 14th.

Spirent Communications (LON SPT) traded up GBX 2.40 ($0.03) during trading hours on Friday, hitting GBX 104.80 ($1.40). 151,722 shares of the company’s stock traded hands, compared to its average volume of 169,418. Spirent Communications has a 12-month low of GBX 1.15 ($0.02) and a 12-month high of GBX 130.25 ($1.74). The firm has a market capitalization of $629.76 and a P/E ratio of -2,620.00.

In other news, insider Eric G. Hutchinson purchased 244 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The shares were acquired at an average price of GBX 103 ($1.38) per share, with a total value of £251.32 ($336.03). Also, insider Gary Bullard purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were purchased at an average cost of GBX 95 ($1.27) per share, for a total transaction of £4,750 ($6,351.12). Insiders have acquired a total of 5,762 shares of company stock worth $549,954 in the last quarter.

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About Spirent Communications

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.

Analyst Recommendations for Spirent Communications (LON:SPT)

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