Spirent Communications (LON:SPT)‘s stock had its “buy” rating reiterated by equities research analysts at Liberum Capital in a note issued to investors on Friday. They currently have a GBX 134 ($1.82) price objective on the stock. Liberum Capital’s target price indicates a potential upside of 29.84% from the company’s previous close.
Several other equities research analysts have also recently weighed in on SPT. Barclays restated an “equal weight” rating and set a GBX 100 ($1.36) target price on shares of Spirent Communications in a research note on Friday. Berenberg Bank restated a “hold” rating on shares of Spirent Communications in a research note on Monday, November 20th. Finally, Goldman Sachs Group restated a “neutral” rating and set a GBX 110 ($1.49) target price on shares of Spirent Communications in a research note on Thursday, September 14th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 125.80 ($1.71).
Spirent Communications (SPT) opened at GBX 103.20 ($1.40) on Friday. The stock has a market capitalization of $629.87 and a PE ratio of -2,580.00. Spirent Communications has a 52 week low of GBX 1.15 ($0.02) and a 52 week high of GBX 130.25 ($1.77).
In other news, insider Gary Bullard acquired 5,000 shares of Spirent Communications stock in a transaction on Thursday, November 9th. The stock was bought at an average price of GBX 95 ($1.29) per share, for a total transaction of £4,750 ($6,441.55). Also, insider Eric G. Hutchinson acquired 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, with a total value of £251.32 ($340.82). In the last quarter, insiders acquired 5,762 shares of company stock valued at $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.
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