Jefferies Financial Group reiterated their buy rating on shares of Spirent Communications (LON:SPT) in a research report released on Wednesday, Digital Look reports. Jefferies Financial Group currently has a GBX 190 ($2.48) price objective on the stock.
Other equities analysts have also issued research reports about the stock. Deutsche Bank reiterated a hold rating on shares of Spirent Communications in a research report on Monday, April 15th. Barclays increased their price objective on shares of Spirent Communications from GBX 120 ($1.57) to GBX 130 ($1.70) and gave the company an equal weight rating in a research report on Thursday, January 17th. Liberum Capital reiterated a buy rating and set a GBX 185 ($2.42) price objective (up previously from GBX 146 ($1.91)) on shares of Spirent Communications in a research report on Thursday, March 7th. Goldman Sachs Group increased their price objective on shares of Spirent Communications from GBX 118 ($1.54) to GBX 152 ($1.99) and gave the company a neutral rating in a research report on Monday, January 28th. Finally, UBS Group reiterated a neutral rating and set a GBX 155 ($2.03) price objective (up previously from GBX 125 ($1.63)) on shares of Spirent Communications in a research report on Tuesday, April 23rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Spirent Communications presently has a consensus rating of Buy and a consensus price target of GBX 166.67 ($2.18).
SPT stock traded down GBX 1.20 ($0.02) during trading on Wednesday, hitting GBX 165 ($2.16). 713,445 shares of the company’s stock traded hands, compared to its average volume of 1,290,000. Spirent Communications has a 52 week low of GBX 110.40 ($1.44) and a 52 week high of GBX 162 ($2.12). The firm has a market capitalization of $1.01 billion and a P/E ratio of 18.33.
In other news, insider Eric G. Hutchinson bought 168 shares of Spirent Communications stock in a transaction dated Monday, February 25th. The shares were acquired at an average price of GBX 150 ($1.96) per share, with a total value of £252 ($329.28). Also, insider Eric G. Hutchinson bought 166 shares of Spirent Communications stock in a transaction dated Wednesday, April 24th. The stock was purchased at an average cost of GBX 151 ($1.97) per share, for a total transaction of £250.66 ($327.53). In the last three months, insiders bought 510 shares of company stock worth $75,082.
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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