Spirent Communications (LON:SPT)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Barclays in a report released on Friday, January 12th. They currently have a GBX 100 ($1.40) target price on the stock.
A number of other analysts have also recently weighed in on the company. Berenberg Bank reissued a “hold” rating on shares of Spirent Communications in a research report on Monday, November 20th. Goldman Sachs Group reissued a “neutral” rating and issued a GBX 110 ($1.54) price objective on shares of Spirent Communications in a research report on Thursday, September 14th. Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 134 ($1.88) price target on shares of Spirent Communications in a research report on Friday, November 10th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 125.80 ($1.77).
Spirent Communications (LON SPT) traded down GBX 0.60 ($0.01) during trading on Friday, hitting GBX 100 ($1.40). The stock had a trading volume of 483,516 shares, compared to its average volume of 361,980. The firm has a market cap of $609.79 and a PE ratio of -2,500.00. Spirent Communications has a 52-week low of GBX 1.15 ($0.02) and a 52-week high of GBX 130.25 ($1.83).
In other Spirent Communications news, insider Eric G. Hutchinson acquired 246 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were purchased at an average cost of GBX 102 ($1.43) per share, for a total transaction of £250.92 ($352.37). Also, insider Gary Bullard acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average price of GBX 95 ($1.33) per share, for a total transaction of £4,750 ($6,670.41). Over the last quarter, insiders have acquired 5,734 shares of company stock valued at $550,112.
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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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