Spirent Communications Plc (SPT) Cut to Hold at Numis Securities Ltd
Numis Securities Ltd lowered shares of Spirent Communications Plc (LON:SPT) to a hold rating in a research note published on Tuesday morning. They currently have GBX 90 ($1.11) target price on the stock, down from their previous target price of GBX 105 ($1.30).
Other research analysts have also recently issued reports about the stock. Citigroup Inc. boosted their price target on shares of Spirent Communications Plc from GBX 82 ($1.02) to GBX 95 ($1.18) and gave the stock a neutral rating in a report on Wednesday, August 10th. Liberum Capital restated a hold rating and set a GBX 90 ($1.11) price target on shares of Spirent Communications Plc in a report on Tuesday, August 2nd. Panmure Gordon boosted their price target on shares of Spirent Communications Plc from GBX 120 ($1.49) to GBX 129 ($1.60) and gave the stock a buy rating in a report on Tuesday, August 2nd. Barclays PLC restated an equal weight rating and set a GBX 74 ($0.92) price target on shares of Spirent Communications Plc in a report on Thursday, August 4th. Finally, N+1 Singer restated a buy rating and set a GBX 103 ($1.28) price target on shares of Spirent Communications Plc in a report on Thursday, November 3rd. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of GBX 87.60 ($1.09).
Shares of Spirent Communications Plc (LON:SPT) opened at 84.00 on Tuesday. The company’s market cap is GBX 512.90 million. The firm has a 50-day moving average of GBX 82.45 and a 200-day moving average of GBX 82.16. Spirent Communications Plc has a 12-month low of GBX 64.25 and a 12-month high of GBX 94.75.
In related news, insider Hutchinson,Eric G purchased 278 shares of the business’s stock in a transaction on Wednesday, August 24th. The stock was acquired at an average price of GBX 90 ($1.11) per share, with a total value of £250.20 ($309.92). Also, insider Eric G. Hutchinson purchased 306 shares of the business’s stock in a transaction on Monday, October 24th. The stock was bought at an average cost of GBX 82 ($1.02) per share, with a total value of £250.92 ($310.81).
Spirent Communications Plc Company Profile
Spirent Communications plc (Spirent) is a provider of test methodologies and solutions for data communications. The Company operates through three segments: Networks & Applications, Wireless & Service Positioning and Service Assurance. The Networks & Applications segment develops solutions for functional, performance and security testing of various networks and applications that simulate real-world conditions in the lab, before a commercial launch and in the live network.
Receive News & Stock 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 stocks with our FREE daily email newsletter.