Spirent Communications Stock Rating Lowered by Numis Securities Ltd (SPT)
Spirent Communications (LON: SPT) was downgraded by equities researchers at Numis Securities Ltd to a “hold” rating in a report issued on Thursday. They currently have a $2.50 (165 GBX) target price on the stock.
Shares of Spirent Communications traded down 7.42% during mid-day trading on Thursday, hitting GBX 153.50. Spirent Communications has a one year low of GBX 134.10 and a one year high of GBX 177.165. The stock’s 50-day moving average is currently GBX 158.5. The company’s market cap is £1.009 billion.
A number of other analysts have also recently weighed in on SPT. Analysts at Investec reiterated a “buy” rating on shares of Spirent Communications in a research note to investors on Thursday. They now have a $2.81 price target on the stock. Separately, analysts at Canaccord Genuity downgraded shares of Spirent Communications to a “hold” rating in a research note to investors on Thursday. They now have a $2.37 price target on the stock, down previously from $2.73. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of Spirent Communications in a research note to investors on Tuesday. They now have a $2.91 price target on the stock.
Spirent Communications plc operates in the communications test and measurement industry. The Company is organized into three business segments: Performance Analysis, Service Assurance and Systems.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.