Spirent Communications Plc (LON:SPT)‘s stock had its ” equal-weight” rating reaffirmed by investment analysts at Barclays PLC in a research note issued to investors on Monday. They presently have a GBX 74 ($0.92) target price on the stock. Barclays PLC’s target price would indicate a potential downside of 12.18% from the stock’s previous close.
Several other equities analysts also recently weighed in on SPT. Panmure Gordon reissued a “buy” rating and set a GBX 120 ($1.49) price target on shares of Spirent Communications Plc in a research report on Monday, July 18th. Liberum Capital reissued a “hold” rating and set a GBX 90 ($1.11) price target on shares of Spirent Communications Plc in a research report on Tuesday, August 2nd. Finally, Citigroup Inc. raised their price target on Spirent Communications Plc from GBX 82 ($1.01) to GBX 95 ($1.18) and gave the stock a “neutral” rating in a research report on Wednesday, August 10th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. Spirent Communications Plc currently has a consensus rating of “Hold” and a consensus price target of GBX 85.36 ($1.06).
Shares of Spirent Communications Plc (LON:SPT) opened at 85.00 on Monday. Spirent Communications Plc has a one year low of GBX 64.25 and a one year high of GBX 94.75. The firm’s 50-day moving average price is GBX 82.07 and its 200 day moving average price is GBX 82.49. The stock’s market cap is GBX 519.01 million.
In related news, insider Eric G. Hutchinson acquired 586 shares of the business’s stock in a transaction on Tuesday, September 27th. The shares were bought at an average cost of GBX 79 ($0.98) per share, with a total value of £462.94 ($572.95). Also, insider Hutchinson,Eric G acquired 278 shares of the business’s stock in a transaction on Wednesday, August 24th. The stock was bought at an average cost of GBX 90 ($1.11) per share, for a total transaction of £250.20 ($309.65).
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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