Spirent Communications (LON:SPT) had its target price lifted by Liberum Capital from GBX 270 ($3.32) to GBX 310 ($3.81) in a report issued on Thursday morning, Stock Target Advisor reports. They currently have a buy rating on the stock.
A number of other equities research analysts have also recently issued reports on SPT. Goldman Sachs Group upped their target price on shares of Spirent Communications from GBX 173 ($2.13) to GBX 187 ($2.30) and gave the company a sell rating in a report on Thursday, July 2nd. UBS Group reaffirmed a neutral rating on shares of Spirent Communications in a report on Thursday, April 16th. Jefferies Financial Group upped their target price on shares of Spirent Communications from GBX 290 ($3.57) to GBX 325 ($4.00) and gave the company a buy rating in a report on Tuesday, July 14th. Deutsche Bank upped their target price on shares of Spirent Communications from GBX 230 ($2.83) to GBX 235 ($2.89) and gave the company a hold rating in a report on Thursday, July 9th. Finally, Barclays reaffirmed an underweight rating on shares of Spirent Communications in a report on Monday, July 13th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of GBX 236.50 ($2.91).
Shares of LON:SPT opened at GBX 280 ($3.45) on Thursday. The company’s 50-day moving average price is GBX 247.11 and its two-hundred day moving average price is GBX 234.14. The company has a debt-to-equity ratio of 8.20, a current ratio of 2.25 and a quick ratio of 2.05. Spirent Communications has a one year low of GBX 2.27 ($0.03) and a one year high of GBX 270.50 ($3.33). The stock has a market capitalization of $1.71 billion and a PE ratio of 22.22.
In other Spirent Communications news, insider Paula Bell sold 131,769 shares of the 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). Over the last three months, insiders acquired 153 shares of company stock worth $38,045.
Spirent Communications Company Profile
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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