Brokerages Set Spirent Communications Plc (SPT) Target Price at $89.56
Shares of Spirent Communications Plc (LON:SPT) have received an average rating of “Hold” from the ten analysts that are currently covering the company. Six investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 89.56 ($1.11).
A number of research firms recently commented on SPT. Barclays PLC reiterated an “equal weight” rating and issued a GBX 74 ($0.92) target price on shares of Spirent Communications Plc in a report on Thursday, August 4th. Citigroup Inc. lifted their target price 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 research report on Wednesday, August 10th. Numis Securities Ltd downgraded shares of Spirent Communications Plc to a “hold” rating and dropped their target price for the stock from GBX 105 ($1.30) to GBX 90 ($1.12) in a research report on Tuesday, November 8th. Finally, N+1 Singer reissued a “buy” rating and issued a GBX 103 ($1.28) target price on shares of Spirent Communications Plc in a research report on Thursday, November 3rd.
In other news, insider Eric G. Hutchinson acquired 306 shares of Spirent Communications Plc stock in a transaction dated Monday, October 24th. The stock was acquired at an average cost of GBX 82 ($1.02) per share, for a total transaction of £250.92 ($311.28). Also, insider Eric G. Hutchinson acquired 586 shares of Spirent Communications Plc stock in a transaction dated Tuesday, September 27th. The stock was purchased at an average price of GBX 79 ($0.98) per share, with a total value of £462.94 ($574.30).
Spirent Communications Plc (LON:SPT) opened at 80.00 on Monday. The stock has a 50 day moving average of GBX 82.45 and a 200-day moving average of GBX 82.11. The stock’s market cap is GBX 488.48 million. Spirent Communications Plc has a 52 week low of GBX 64.25 and a 52 week high of GBX 94.75.
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About Spirent Communications Plc
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.
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