Spirent Communications’ (SPT) Equal weight Rating Reiterated at Barclays

Spirent Communications (LON:SPT)‘s stock had its “equal weight” rating reiterated by Barclays in a research report issued to clients and investors on Friday. They currently have a GBX 100 ($1.36) price target on the stock. Barclays’ price target would indicate a potential downside of 3.10% from the company’s current price.

SPT has been the subject of several other reports. Liberum Capital restated a “buy” rating and issued a GBX 134 ($1.82) price objective on shares of Spirent Communications in a research note on Friday, November 10th. Goldman Sachs Group restated a “neutral” rating and issued a GBX 110 ($1.49) price objective on shares of Spirent Communications in a research note on Thursday, September 14th. Finally, Berenberg Bank restated a “hold” rating on shares of Spirent Communications in a research note on Monday, November 20th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 125.80 ($1.71).

Shares of Spirent Communications (SPT) traded up GBX 1.40 ($0.02) during trading hours on Friday, hitting GBX 103.20 ($1.40). The stock had a trading volume of 2,267,906 shares, compared to its average volume of 290,158. Spirent Communications has a 1 year low of GBX 1.15 ($0.02) and a 1 year high of GBX 130.25 ($1.77). The stock has a market capitalization of $629.87 and a PE ratio of -2,580.00.

In related news, insider Gary Bullard purchased 5,000 shares of Spirent Communications stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average cost of GBX 95 ($1.29) per share, for a total transaction of £4,750 ($6,441.55). Also, insider Eric G. Hutchinson purchased 244 shares of Spirent Communications stock in a transaction that occurred on Wednesday, December 27th. The shares were bought at an average price of GBX 103 ($1.40) per share, with a total value of £251.32 ($340.82). Over the last quarter, insiders have purchased 5,762 shares of company stock valued at $549,954.

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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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