Spirent Communications Plc (LON:SPT) Given Average Recommendation of “Hold” by Brokerages

Shares of Spirent Communications Plc (LON:SPT) have been given a consensus rating of “Hold” by the seven brokerages that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 212.17 ($2.61).

SPT has been the subject of several research reports. Liberum Capital lowered their target price on Spirent Communications from GBX 270 ($3.32) to GBX 255 ($3.14) and set a “buy” rating for the company in a report on Wednesday, April 15th. Goldman Sachs Group dropped their target price on shares of Spirent Communications from GBX 185 ($2.28) to GBX 173 ($2.13) and set a “sell” rating on the stock in a report on Friday, March 27th. Canaccord Genuity reduced their price target on shares of Spirent Communications from GBX 230 ($2.83) to GBX 225 ($2.77) and set a “hold” rating for the company in a report on Friday, March 6th. Deutsche Bank upped their price target on shares of Spirent Communications from GBX 222 ($2.73) to GBX 230 ($2.83) and gave the stock a “hold” rating in a research report on Wednesday, April 8th. Finally, UBS Group reissued a “neutral” rating on shares of Spirent Communications in a report on Thursday, April 16th.

LON:SPT remained flat at $GBX 230.50 ($2.84) during midday trading on Tuesday. The company had a trading volume of 1,557,289 shares, compared to its average volume of 1,290,000. The company’s 50 day simple moving average is GBX 243.69 and its 200-day simple moving average is GBX 230.93. The stock has a market capitalization of $1.40 billion and a P/E ratio of 18.29. Spirent Communications has a 52 week low of GBX 146.81 ($1.81) and a 52 week high of GBX 270.50 ($3.33). The company has a quick ratio of 2.05, a current ratio of 2.25 and a debt-to-equity ratio of 8.20.

In other news, insider Paula Bell sold 131,769 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of GBX 235 ($2.89), for a total value of £309,657.15 ($381,069.59). Insiders bought a total of 155 shares of company stock worth $37,902 over the last 90 days.

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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