Spirent Communications Plc’s (LON:SPT) “Buy” Rating Reaffirmed at Numis Securities Ltd
Numis Securities Ltd reissued their buy rating on shares of Spirent Communications Plc (LON:SPT) in a research note published on Friday. The brokerage currently has a GBX 145 ($1.89) price target on the stock.
Several other equities research analysts have also recently weighed in on the stock. Liberum Capital restated a buy rating and issued a GBX 134 ($1.75) price target on shares of Spirent Communications Plc in a research report on Thursday, August 3rd. N+1 Singer restated a hold rating on shares of Spirent Communications Plc in a research report on Thursday, August 3rd. Jefferies Group LLC upgraded shares of Spirent Communications Plc to a buy rating and boosted their price target for the stock from GBX 88 ($1.15) to GBX 145 ($1.89) in a research report on Thursday, July 20th. Citigroup Inc. upgraded shares of Spirent Communications Plc to a buy rating and boosted their price target for the stock from GBX 90 ($1.17) to GBX 145 ($1.89) in a research report on Tuesday, May 9th. Finally, Deutsche Bank AG boosted their price target on shares of Spirent Communications Plc from GBX 84 ($1.09) to GBX 120 ($1.56) and gave the stock a hold rating in a research report on Wednesday, April 12th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of GBX 124.11 ($1.62).
Shares of Spirent Communications Plc (LON SPT) opened at 106.00 on Friday. Spirent Communications Plc has a 12 month low of GBX 74.50 and a 12 month high of GBX 130.25. The stock’s market cap is GBX 647.23 million. The firm’s 50-day moving average is GBX 119.05 and its 200 day moving average is GBX 114.02.
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In other news, insider Eric G. Hutchinson acquired 492 shares of the company’s stock in a transaction on Wednesday, May 24th. The stock was bought at an average cost of GBX 120 ($1.56) per share, with a total value of £590.40 ($768.85). Also, insider Eric G. Hutchinson acquired 218 shares of the company’s stock in a transaction on Monday, June 26th. The shares were purchased at an average cost of GBX 115 ($1.50) per share, with a total value of £250.70 ($326.47). Insiders have acquired 26,398 shares of company stock valued at $3,116,506 over 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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