Spirent Communications Plc (LON:SPT) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers 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 recent research reports. Canaccord Genuity lowered their target price 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. Goldman Sachs Group lowered their price objective on Spirent Communications from GBX 185 ($2.28) to GBX 173 ($2.13) and set a “sell” rating for the company in a research note on Friday, March 27th. Deutsche Bank boosted their target price on Spirent Communications from GBX 222 ($2.73) to GBX 230 ($2.83) and gave the stock a “hold” rating in a report on Wednesday, April 8th. Liberum Capital reduced their price target 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. Finally, UBS Group reiterated a “neutral” rating on shares of Spirent Communications in a research note on Thursday, April 16th.
Spirent Communications stock remained flat at $GBX 230.50 ($2.84) on Tuesday. The company’s stock had a trading volume of 1,557,289 shares, compared to its average volume of 1,290,000. Spirent Communications has a fifty-two week low of GBX 146.81 ($1.81) and a fifty-two week high of GBX 270.50 ($3.33). The stock has a market capitalization of $1.40 billion and a price-to-earnings ratio of 18.29. The company has a debt-to-equity ratio of 8.20, a quick ratio of 2.05 and a current ratio of 2.25. The firm has a 50-day moving average of GBX 243.69 and a two-hundred day moving average of GBX 230.93.
In other Spirent Communications news, insider Paula Bell sold 131,769 shares of the company’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 transaction of £309,657.15 ($381,069.59). In the last three months, insiders acquired 155 shares of company stock valued at $37,902.
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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