Liberum Capital reissued their buy rating on shares of Spirent Communications Plc (LON:SPT) in a research report report published on Thursday morning. They currently have a GBX 134 ($1.77) target price on the stock.
Other equities analysts also recently issued research reports about the company. Jefferies Group LLC reiterated a hold rating and set a GBX 88 ($1.16) price objective on shares of Spirent Communications Plc in a research report on Monday, May 15th. N+1 Singer reiterated a hold rating and set a GBX 109 ($1.44) price objective on shares of Spirent Communications Plc in a research report on Wednesday, May 3rd. Barclays PLC lifted their price objective on Spirent Communications Plc from GBX 74 ($0.98) to GBX 101 ($1.33) and gave the stock an equal weight rating in a research report on Tuesday, April 11th. Citigroup Inc. raised Spirent Communications Plc to a buy rating and raised their target price for the stock from GBX 90 ($1.19) to GBX 145 ($1.91) in a research note on Tuesday, May 9th. Finally, Numis Securities Ltd reissued a buy rating and set a GBX 145 ($1.91) target price on shares of Spirent Communications Plc in a research note on Monday, May 8th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of GBX 124.11 ($1.64).
Spirent Communications Plc (LON SPT) opened at 111.00 on Thursday. The company’s market cap is GBX 677.76 million. The stock’s 50 day moving average price is GBX 119.57 and its 200 day moving average price is GBX 113.73. Spirent Communications Plc has a 52-week low of GBX 74.50 and a 52-week high of GBX 130.25.
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In other news, insider Bill Thomas acquired 25,486 shares of the company’s stock in a transaction dated Friday, May 19th. The stock was acquired at an average cost of GBX 118 ($1.56) per share, with a total value of £30,073.48 ($39,669.54). Also, insider Eric G. Hutchinson acquired 202 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was purchased at an average cost of GBX 124 ($1.64) per share, with a total value of £250.48 ($330.40). Insiders bought 26,398 shares of company stock valued at $3,116,506 over the last ninety days.
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.
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