Spirent Communications (LON:SPT) had its price objective lifted by Liberum Capital from GBX 134 ($1.88) to GBX 144 ($2.02) in a report issued on Friday, March 16th. The brokerage presently has a “buy” rating on the stock. Liberum Capital’s target price points to a potential upside of 16.13% from the company’s previous close.
A number of other analysts also recently weighed in on the company. Barclays reiterated an “equal weight” rating and set a GBX 100 ($1.40) target price on shares of Spirent Communications in a research report on Friday, January 12th. Berenberg Bank reiterated a “hold” rating on shares of Spirent Communications in a research report on Monday, November 20th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Spirent Communications has a consensus rating of “Buy” and an average target price of GBX 128.11 ($1.80).
SPT traded up GBX 0.60 ($0.01) during trading on Friday, hitting GBX 124 ($1.74). The stock had a trading volume of 758,654 shares, compared to its average volume of 1,290,000. Spirent Communications has a one year low of GBX 1.15 ($0.02) and a one year high of GBX 131 ($1.84).
In other Spirent Communications news, insider Eric G. Hutchinson acquired 246 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was acquired at an average cost of GBX 102 ($1.43) per share, for a total transaction of £250.92 ($352.22). Over the last 90 days, insiders have purchased 698 shares of company stock valued at $75,008.
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About Spirent Communications
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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