Shares of Spirent Communications Plc (LON:SPT) have been given an average recommendation of “Hold” by the eleven brokerages that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 127.78 ($1.72).

A number of equities research analysts have recently issued reports on SPT shares. Jefferies Group reduced their price objective on Spirent Communications from GBX 145 ($1.95) to GBX 140 ($1.88) and set a “buy” rating for the company in a report on Friday, September 8th. J P Morgan Chase & Co reduced their price objective on Spirent Communications from GBX 145 ($1.95) to GBX 140 ($1.88) and set a “buy” rating for the company in a report on Friday, September 8th. Goldman Sachs Group restated a “neutral” rating and set a GBX 110 ($1.48) price objective on shares of Spirent Communications in a report on Thursday, September 14th. Liberum Capital restated a “buy” rating and set a GBX 134 ($1.80) price objective on shares of Spirent Communications in a report on Friday, November 10th. Finally, Berenberg Bank restated a “hold” rating on shares of Spirent Communications in a report on Monday, November 20th.

Shares of Spirent Communications (LON SPT) traded up GBX 0.25 ($0.00) during trading hours on Monday, hitting GBX 102.75 ($1.38). The stock had a trading volume of 1,092,445 shares, compared to its average volume of 454,997. Spirent Communications has a 12 month low of GBX 86.50 ($1.16) and a 12 month high of GBX 130.25 ($1.75).

In related news, insider Gary Bullard purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average cost of GBX 95 ($1.28) per share, for a total transaction of £4,750 ($6,393.00). Also, insider Eric G. Hutchinson purchased 528 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was bought at an average price of GBX 96 ($1.29) per share, with a total value of £506.88 ($682.21). Over the last quarter, insiders purchased 6,046 shares of company stock valued at $575,510.

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Spirent Communications Company Profile

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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