Spirent Communications Plc (LON:SPT) was upgraded by Jefferies Group LLC to a “buy” rating in a research report issued on Thursday, July 20th. The firm presently has a GBX 145 ($1.88) price objective on the stock, up from their prior price objective of GBX 88 ($1.14). Jefferies Group LLC’s price target would indicate a potential upside of 41.46% from the stock’s previous close.
Other research analysts have also issued research reports about the stock. Liberum Capital restated a “buy” rating and set a GBX 134 ($1.74) price target on shares of Spirent Communications Plc in a report on Monday, May 8th. UBS AG lifted their price objective on shares of Spirent Communications Plc from GBX 98 ($1.27) to GBX 115 ($1.49) and gave the company a “neutral” rating in a research note on Thursday, March 23rd. N+1 Singer reiterated a “hold” rating and issued a GBX 109 ($1.42) price objective on shares of Spirent Communications Plc in a research note on Wednesday, May 3rd. Barclays PLC lifted their price target on shares of Spirent Communications Plc from GBX 74 ($0.96) to GBX 101 ($1.31) and gave the company an “equal weight” rating in a research report on Tuesday, April 11th. Finally, Citigroup Inc. raised shares of Spirent Communications Plc to a “buy” rating and lifted their price target for the company from GBX 90 ($1.17) to GBX 145 ($1.88) in a research report on Tuesday, May 9th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Spirent Communications Plc currently has a consensus rating of “Hold” and an average target price of GBX 124.11 ($1.61).
Spirent Communications Plc (LON:SPT) traded down 1.22% during midday trading on Thursday, reaching GBX 101.25. 62,422 shares of the company traded hands. Spirent Communications Plc has a 12 month low of GBX 75.75 and a 12 month high of GBX 130.25. The firm’s market capitalization is GBX 618.23 million. The firm’s 50 day moving average price is GBX 116.58 and its 200 day moving average price is GBX 114.28.
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In related news, insider Bill Thomas acquired 25,486 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were bought at an average cost of GBX 118 ($1.53) per share, for a total transaction of £30,073.48 ($39,041.26). Also, insider Eric G. Hutchinson acquired 202 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was bought at an average price of GBX 124 ($1.61) per share, for a total transaction of £250.48 ($325.17). Over the last quarter, insiders have bought 41,398 shares of company stock worth $4,676,506.
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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