J P Morgan Chase & Co Cuts Spirent Communications Plc (SPT) Price Target to GBX 140
Spirent Communications Plc (LON:SPT) had its target price decreased by J P Morgan Chase & Co from GBX 145 ($1.87) to GBX 140 ($1.81) in a research report sent to investors on Friday. J P Morgan Chase & Co currently has a buy rating on the stock.
A number of other equities research analysts also recently weighed in on SPT. Jefferies Group LLC dropped their price target on shares of Spirent Communications Plc from GBX 145 ($1.87) to GBX 140 ($1.81) and set a buy rating for the company in a research note on Friday. Liberum Capital reissued a buy rating and set a GBX 134 ($1.73) price target on shares of Spirent Communications Plc in a research note on Wednesday, August 9th. N+1 Singer restated a hold rating on shares of Spirent Communications Plc in a report on Thursday, August 3rd. Finally, Numis Securities Ltd restated a buy rating and set a GBX 145 ($1.87) price objective on shares of Spirent Communications Plc in a report on Friday, August 4th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of GBX 125.20 ($1.62).
Shares of Spirent Communications Plc (LON SPT) opened at 97.75 on Friday. The company’s 50-day moving average is GBX 105.85 and its 200-day moving average is GBX 113.77. The company’s market capitalization is GBX 596.86 million. Spirent Communications Plc has a one year low of GBX 75.75 and a one year high of GBX 130.25.
Spirent Communications Plc (LON:SPT) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.02 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.02. Spirent Communications Plc had a net margin of 5.29% and a return on equity of 6.64%. Equities analysts predict that Spirent Communications Plc will post $0.07 earnings per share for the current year.
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The business also recently declared a dividend, which was paid on Friday, September 8th. Stockholders of record on Thursday, August 10th were issued a GBX 1.27 ($0.02) dividend. This represents a dividend yield of 1.24%. The ex-dividend date was Thursday, August 10th.
In related news, insider Eric G. Hutchinson purchased 258 shares of Spirent Communications Plc stock in a transaction dated Thursday, August 24th. The stock was bought at an average price of GBX 97 ($1.25) per share, for a total transaction of £250.26 ($323.21). Also, insider Eric G. Hutchinson purchased 202 shares of Spirent Communications Plc stock in a transaction dated Monday, July 24th. The stock was bought at an average price of GBX 124 ($1.60) per share, with a total value of £250.48 ($323.49). Insiders bought 15,678 shares of company stock valued at $1,635,144 in the last quarter.
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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