Analysts Set Spirent Communications Plc (LON:SPT) Price Target at $119.33

Spirent Communications Plc (LON:SPT) has received an average rating of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 118.90 ($1.55).

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SPT has been the topic of a number of recent analyst reports. Liberum Capital upgraded shares of Spirent Communications Plc to a “buy” rating and increased their price target for the company from GBX 90 ($1.18) to GBX 134 ($1.75) in a report on Friday, March 24th. Citigroup Inc. upgraded shares of Spirent Communications Plc to a “buy” rating and increased their price objective for the company from GBX 90 ($1.18) to GBX 145 ($1.89) in a research report on Tuesday, May 9th. Deutsche Bank AG increased their price objective on shares of Spirent Communications Plc from GBX 84 ($1.10) to GBX 120 ($1.57) and gave the company a “hold” rating in a research report on Wednesday, April 12th. Jefferies Group LLC restated a “hold” rating and set a GBX 88 ($1.15) price objective on shares of Spirent Communications Plc in a research report on Monday, May 15th. Finally, Numis Securities Ltd restated a “buy” rating and set a GBX 145 ($1.89) price objective on shares of Spirent Communications Plc in a research report on Monday, May 8th.

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Spirent Communications Plc (LON SPT) traded up 1.66% during trading on Friday, hitting GBX 122.50. 62,801 shares of the company’s stock traded hands. Spirent Communications Plc has a 12 month low of GBX 75.75 and a 12 month high of GBX 130.25. The company’s 50 day moving average is GBX 119.51 and its 200-day moving average is GBX 112.13. The stock’s market cap is GBX 747.98 million.

In other news, insider Eric G. Hutchinson acquired 492 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were purchased at an average cost of GBX 120 ($1.57) per share, for a total transaction of £590.40 ($770.96). Also, insider Eric G. Hutchinson acquired 218 shares of the firm’s stock in a transaction dated Monday, June 26th. The shares were purchased at an average price of GBX 115 ($1.50) per share, for a total transaction of £250.70 ($327.37). Insiders acquired 26,410 shares of company stock worth $3,116,282 over the last quarter.

Spirent Communications Plc 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.