Liberum Capital Reaffirms Buy Rating for Spirent Communications (LON:SPT)

Spirent Communications (LON:SPT)‘s stock had its “buy” rating reiterated by research analysts at Liberum Capital in a research note issued on Friday, ThisIsMoney.Co.Uk reports.

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

Shares of Spirent Communications stock opened at GBX 216 ($2.82) on Friday. Spirent Communications has a fifty-two week low of GBX 110.80 ($1.45) and a fifty-two week high of GBX 222 ($2.90). The company has a debt-to-equity ratio of 9.34, a quick ratio of 1.87 and a current ratio of 2.08. The company has a market capitalization of $1.32 billion and a P/E ratio of 22.98. The company has a fifty day moving average of GBX 207.02 and a 200 day moving average of GBX 180.24.

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

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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