Spirent Communications Plc (LON:SPT) Receives GBX 212.17 Consensus PT from Brokerages

Spirent Communications Plc (LON:SPT) has received an average recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 212.17 ($2.70).

Several research firms have recently commented on SPT. Goldman Sachs Group reduced their price target on Spirent Communications from GBX 185 ($2.35) to GBX 173 ($2.20) and set a “sell” rating for the company in a report on Friday, March 27th. Canaccord Genuity reduced their price target on Spirent Communications from GBX 230 ($2.93) to GBX 225 ($2.86) and set a “hold” rating for the company in a report on Friday, March 6th. UBS Group reaffirmed a “neutral” rating on shares of Spirent Communications in a report on Thursday, April 16th. Deutsche Bank lifted their price objective on Spirent Communications from GBX 222 ($2.83) to GBX 230 ($2.93) and gave the stock a “hold” rating in a report on Wednesday, April 8th. Finally, Liberum Capital reduced their price objective on Spirent Communications from GBX 270 ($3.44) to GBX 255 ($3.25) and set a “buy” rating for the company in a report on Wednesday, April 15th.

SPT opened at GBX 229.50 ($2.92) on Tuesday. The company has a debt-to-equity ratio of 8.20, a current ratio of 2.25 and a quick ratio of 2.05. The business has a 50 day simple moving average of GBX 245.98 and a 200-day simple moving average of GBX 230.57. The stock has a market capitalization of $1.41 billion and a P/E ratio of 18.29. Spirent Communications has a 12 month low of GBX 146.81 ($1.87) and a 12 month high of GBX 270.50 ($3.44).

In other news, insider Paula Bell sold 131,769 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of GBX 235 ($2.99), for a total value of £309,657.15 ($394,116.27). Over the last ninety days, insiders have purchased 155 shares of company stock valued at $37,902.

About Spirent Communications

Spirent Communications plc provides solutions to develop devices and equipment and to operate networks worldwide. The company operates through Networks & Security, Lifecycle Service Assurance, and Connected Devices segments. The Networks & Security segment develops performance and security test systems to accelerate the development of new devices, networks, and applications for high-speed Ethernet/IP, mobile, and global satellite navigation systems.

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Analyst Recommendations for Spirent Communications (LON:SPT)

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