Spirent Communications (LON:SPT) Given “Buy” Rating at Liberum Capital

Liberum Capital reissued their buy rating on shares of Spirent Communications (LON:SPT) in a research note released on Friday morning, Digital Look reports. The brokerage currently has a GBX 210 ($2.74) target price on the stock.

Several other research analysts have also recently weighed in on SPT. Canaccord Genuity cut shares of Spirent Communications to a hold rating and increased their price target for the company from GBX 200 ($2.61) to GBX 205 ($2.68) in a report on Monday, September 30th. UBS Group reissued a neutral rating and issued a GBX 195 ($2.55) price target (up from GBX 155 ($2.03)) on shares of Spirent Communications in a report on Friday, November 1st. Finally, Barclays reissued an equal weight rating on shares of Spirent Communications in a report on Friday, October 11th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of GBX 184 ($2.40).

Spirent Communications stock traded up GBX 1 ($0.01) during trading hours on Friday, hitting GBX 208 ($2.72). The company had a trading volume of 1,609,528 shares, compared to its average volume of 1,290,000. The firm has a market cap of $1.27 billion and a PE ratio of 22.13. The company has a debt-to-equity ratio of 9.34, a current ratio of 2.08 and a quick ratio of 1.87. Spirent Communications has a one year low of GBX 110.80 ($1.45) and a one year high of GBX 209.50 ($2.74). The firm has a 50-day moving average of GBX 200.42 and a 200 day moving average of GBX 172.55.

In other Spirent Communications news, insider Paula Bell sold 123,182 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of GBX 198 ($2.59), for a total value of £243,900.36 ($318,699.02).

About Spirent Communications

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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