Brokerages Set Spirent Communications Plc (LON:SPT) Price Target at GBX 163

Spirent Communications Plc (LON:SPT) has been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm, reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 163 ($2.13).

SPT has been the subject of a number of research analyst reports. UBS Group set a $36.00 price objective on Halliburton and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Liberum Capital restated a “buy” rating on shares of Bellway in a report on Tuesday, June 11th. Jefferies Financial Group boosted their price objective on EXACT Sciences from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Canaccord Genuity boosted their price objective on TELUS from C$51.00 to C$52.00 in a report on Wednesday, May 1st. Finally, Deutsche Bank restated a “buy” rating and set a $80.00 price objective on shares of Bayerische Motoren Werke in a report on Monday, July 8th.

Shares of LON:SPT traded up GBX 1 ($0.01) during trading on Tuesday, reaching GBX 164.20 ($2.15). 211,752 shares of the stock were exchanged, compared to its average volume of 1,290,000. Spirent Communications has a 12 month low of GBX 110.80 ($1.45) and a 12 month high of GBX 169 ($2.21). The company has a market cap of $1.00 billion and a price-to-earnings ratio of 18.24. The company’s 50-day moving average is GBX 155.40.

In related news, insider Eric G. Hutchinson purchased 166 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was acquired at an average cost of GBX 151 ($1.97) per share, for a total transaction of £250.66 ($327.53).

Spirent Communications Company Profile

Spirent Communications plc provides solutions to develop devices and equipment and to operate networks worldwide. The company operates through Networks & Security, Lifecycle Service Assurance, and Connected Devices segments. The Networks & Security segment develops performance and security test systems to accelerate the development of new devices, networks, and applications for high-speed Ethernet/IP, mobile, and global satellite navigation systems.

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Analyst Recommendations for Spirent Communications (LON:SPT)

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