Spirent Communications Plc (LON:SPT) has been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 163 ($2.13).
SPT has been the topic of several recent analyst reports. Jefferies Financial Group lifted their target price on EXACT Sciences from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Liberum Capital reissued a “buy” rating on shares of Bellway in a research note on Tuesday, June 11th. Deutsche Bank reissued a “buy” rating and issued a $80.00 price target on shares of Bayerische Motoren Werke in a research note on Monday, July 8th. Canaccord Genuity lifted their price target on TELUS from C$51.00 to C$52.00 in a research note on Wednesday, May 1st. Finally, UBS Group set a $36.00 price target on Halliburton and gave the company a “buy” rating in a research note on Tuesday, April 23rd.
In other news, insider Eric G. Hutchinson purchased 166 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were purchased at an average price of GBX 151 ($1.97) per share, with a total value of £250.66 ($327.53).
SPT stock traded up GBX 1 ($0.01) during midday trading on Tuesday, hitting GBX 164.20 ($2.15). 211,752 shares of the company’s stock were exchanged, compared to its average volume of 1,290,000. The stock’s fifty day moving average is GBX 155.40. The company has a market cap of $1.00 billion and a P/E ratio of 18.24. Spirent Communications has a one year low of GBX 110.80 ($1.45) and a one year high of GBX 169 ($2.21).
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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