Analysts Set Spirent Communications Plc (SPT) Price Target at $115.00

Shares of Spirent Communications Plc (LON:SPT) have been assigned an average recommendation of “Hold” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 119.33 ($1.52).

SPT has been the topic of several analyst reports. Deutsche Bank AG lifted their target price on Spirent Communications Plc from GBX 84 ($1.07) to GBX 120 ($1.53) and gave the company a “hold” rating in a research note on Wednesday, April 12th. N+1 Singer reissued a “hold” rating and issued a GBX 109 ($1.39) price target on shares of Spirent Communications Plc in a report on Wednesday, May 3rd. Citigroup Inc. raised Spirent Communications Plc to a “buy” rating and raised their price target for the company from GBX 90 ($1.15) to GBX 145 ($1.85) in a report on Tuesday, May 9th. Numis Securities Ltd raised Spirent Communications Plc to a “buy” rating and raised their price target for the company from GBX 80 ($1.02) to GBX 145 ($1.85) in a report on Monday, March 20th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 88 ($1.12) price objective on shares of Spirent Communications Plc in a report on Monday, May 15th.

Shares of Spirent Communications Plc (SPT) traded up 0.43% during trading on Tuesday, hitting GBX 115.50. 32,947 shares of the stock traded hands. The firm’s market cap is GBX 705.24 million. Spirent Communications Plc has a 52-week low of GBX 72.00 and a 52-week high of GBX 130.25. The stock has a 50 day moving average of GBX 120.06 and a 200 day moving average of GBX 108.02.

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In other Spirent Communications Plc news, insider Bill Thomas purchased 25,486 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The shares were acquired at an average price of GBX 118 ($1.50) per share, for a total transaction of £30,073.48 ($38,315.05). Also, insider Eric G. Hutchinson acquired 492 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were purchased at an average price of GBX 120 ($1.53) per share, for a total transaction of £590.40 ($752.20). Insiders bought 26,192 shares of company stock valued at $3,091,212 in the last ninety days.

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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