Spirent Communications (SPT) Receives “Equal weight” Rating from Barclays

Barclays reaffirmed their equal weight rating on shares of Spirent Communications (LON:SPT) in a research note published on Friday morning. They currently have a GBX 100 ($1.36) price target on the stock.

SPT has been the topic of a number of other research reports. Liberum Capital reissued a buy rating and issued a GBX 134 ($1.82) target price on shares of Spirent Communications in a research note on Friday, November 10th. Goldman Sachs Group reissued a neutral rating and issued a GBX 110 ($1.49) target price on shares of Spirent Communications in a research note on Thursday, September 14th. Finally, Berenberg Bank reissued a hold rating on shares of Spirent Communications in a research note on Monday, November 20th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 125.80 ($1.71).

Spirent Communications (LON:SPT) traded up GBX 1.40 ($0.02) during midday trading on Friday, reaching GBX 103.20 ($1.40). 2,267,906 shares of the company were exchanged, compared to its average volume of 290,158. The company has a market capitalization of $629.87 and a PE ratio of -2,580.00. Spirent Communications has a twelve month low of GBX 1.15 ($0.02) and a twelve month high of GBX 130.25 ($1.77).

In other news, insider Gary Bullard purchased 5,000 shares of Spirent Communications stock in a transaction on Thursday, November 9th. The shares were purchased at an average cost of GBX 95 ($1.29) per share, for a total transaction of £4,750 ($6,441.55). Also, insider Eric G. Hutchinson purchased 244 shares of Spirent Communications stock in a transaction on Wednesday, December 27th. The stock was purchased at an average price of GBX 103 ($1.40) per share, for a total transaction of £251.32 ($340.82). Over the last 90 days, insiders acquired 5,762 shares of company stock worth $549,954.

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Spirent Communications 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.

Analyst Recommendations for Spirent Communications (LON:SPT)

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