Spirent Communications (SPT) Given New GBX 120 Price Target at Barclays

Spirent Communications (LON:SPT) had its price target increased by Barclays from GBX 100 ($1.31) to GBX 120 ($1.57) in a research note published on Tuesday. The brokerage currently has an equal weight rating on the stock.

Several other research analysts have also recently issued reports on the company. Liberum Capital reissued a buy rating on shares of Spirent Communications in a research note on Monday, November 26th. Canaccord Genuity reissued a buy rating and issued a GBX 175 ($2.29) price objective on shares of Spirent Communications in a research note on Monday, October 1st. Finally, Jefferies Financial Group increased their price objective on Spirent Communications from GBX 140 ($1.83) to GBX 160 ($2.09) and gave the stock a buy rating in a research note on Monday, August 6th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Spirent Communications has an average rating of Buy and an average price target of GBX 150.25 ($1.96).

Shares of LON:SPT opened at GBX 119.95 ($1.57) on Tuesday. Spirent Communications has a 52-week low of GBX 1.15 ($0.02) and a 52-week high of GBX 131 ($1.71).

In related news, insider Eric G. Hutchinson bought 311 shares of the stock in a transaction on Monday, September 24th. The stock was bought at an average price of GBX 133 ($1.74) per share, for a total transaction of £413.63 ($540.48). Also, insider Eric G. Hutchinson sold 196 shares of the company’s stock in a transaction on Monday, November 26th. The stock was sold at an average price of GBX 128 ($1.67), for a total value of £250.88 ($327.82).

Spirent Communications Company Profile

Spirent Communications plc provides solutions to develop devices and equipment and to operate networks worldwide. The company operates through three segments: Networks & Security, Lifecycle Service Assurance, and Connected Devices. The Networks & Security segment develops performance and security test systems to accelerate the development of new devices, networks, and applications for high-speed Ethernet/IP, mobile, and global satellite navigation systems.

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Analyst Recommendations for Spirent Communications (LON:SPT)

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