Spirent Communications Plc (LON:SPT)‘s stock had its “neutral” rating restated by analysts at Goldman Sachs Group, Inc. (The) in a report released on Thursday, September 14th. They currently have a GBX 110 ($1.46) price objective on the stock. Goldman Sachs Group, Inc. (The)’s price objective points to a potential upside of 14.88% from the company’s previous close.
Several other analysts have also recently weighed in on SPT. Liberum Capital reiterated a “buy” rating and issued a GBX 134 ($1.78) price target on shares of Spirent Communications Plc in a report on Thursday, August 3rd. N+1 Singer reaffirmed a “hold” rating on shares of Spirent Communications Plc in a research note on Thursday, August 3rd. Numis Securities Ltd restated a “buy” rating and issued a GBX 145 ($1.92) price objective on shares of Spirent Communications Plc in a report on Friday, August 4th. Jefferies Group LLC upgraded Spirent Communications Plc to a “buy” rating and upped their target price for the stock from GBX 88 ($1.17) to GBX 145 ($1.92) in a report on Thursday, July 20th. Finally, J P Morgan Chase & Co dropped their target price on shares of Spirent Communications Plc from GBX 145 ($1.92) to GBX 140 ($1.86) and set a “buy” rating on the stock in a report on Friday, September 8th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 125.90 ($1.67).
Spirent Communications Plc (LON SPT) traded down 0.26% during midday trading on Thursday, reaching GBX 95.75. The company had a trading volume of 148,800 shares. The company’s market capitalization is GBX 584.65 million. Spirent Communications Plc has a one year low of GBX 75.75 and a one year high of GBX 130.25. The stock’s 50 day moving average is GBX 97.25 and its 200 day moving average is GBX 112.88.
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In related news, insider Eric G. Hutchinson bought 202 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were bought at an average cost of GBX 124 ($1.64) per share, for a total transaction of £250.48 ($332.25). Also, insider Eric G. Hutchinson acquired 528 shares of the stock in a transaction dated Monday, September 25th. The shares were bought at an average cost of GBX 96 ($1.27) per share, for a total transaction of £506.88 ($672.34). In the last ninety days, insiders acquired 15,988 shares of company stock valued at $1,660,762.
About Spirent Communications Plc
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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