Goldman Sachs Group, Inc. (The) reiterated their neutral rating on shares of Spirent Communications Plc (LON:SPT) in a report issued on Thursday. Goldman Sachs Group, Inc. (The) currently has a GBX 110 ($1.42) price target on the stock.
A number of other equities analysts have also commented on the stock. Jefferies Group LLC upgraded shares of Spirent Communications Plc to a buy rating and boosted their price objective for the stock from GBX 88 ($1.14) to GBX 145 ($1.87) in a report on Thursday, July 20th. Liberum Capital reiterated a buy rating and issued a GBX 134 ($1.73) price objective on shares of Spirent Communications Plc in a report on Thursday, August 3rd. Numis Securities Ltd reiterated a buy rating and issued a GBX 145 ($1.87) price objective on shares of Spirent Communications Plc in a report on Friday, August 4th. N+1 Singer reiterated a hold rating on shares of Spirent Communications Plc in a report on Thursday, August 3rd. Finally, J P Morgan Chase & Co cut their price objective on shares of Spirent Communications Plc from GBX 145 ($1.87) to GBX 140 ($1.81) and set a buy rating on the stock in a report on Friday, September 8th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of GBX 125.90 ($1.63).
Shares of Spirent Communications Plc (SPT) opened at 96.00 on Thursday. Spirent Communications Plc has a 1-year low of GBX 75.75 and a 1-year high of GBX 130.25. The firm has a 50-day moving average price of GBX 102.53 and a 200-day moving average price of GBX 113.56. The firm’s market capitalization is GBX 586.17 million.
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The firm also recently disclosed a dividend, which was paid on Friday, September 8th. Investors of record on Thursday, August 10th were paid a dividend of GBX 1.27 ($0.02) per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a yield of 1.24%.
In other Spirent Communications Plc news, insider Eric G. Hutchinson acquired 202 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were purchased at an average price of GBX 124 ($1.60) per share, for a total transaction of £250.48 ($323.49). Also, insider Gary Bullard acquired 15,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were acquired at an average price of GBX 104 ($1.34) per share, for a total transaction of £15,600 ($20,147.23). In the last quarter, insiders have purchased 15,678 shares of company stock worth $1,635,144.
Spirent Communications Plc Company Profile
Spirent Communications plc enables service provider networks, data centers, enterprise information technology (IT), mobile communications, connected vehicles or the Internet of Things to communicate and collaborate. The Company’s segments include Networks & Applications, Wireless & Service Positioning and Service Assurance.
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