Today: Spirent Communications Plc (SPT) Given Consensus Rating of “Hold” by Brokerages

Today: Spirent Communications Plc (SPT) Given Consensus Rating of “Hold” by Brokerages

Spirent Communications Plc (LON:SPT) has been assigned a consensus rating of “Hold” from the ten research firms that are presently covering the company. Six research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 89.56 ($1.11).

Several equities analysts have weighed in on the company. N+1 Singer reaffirmed a “buy” rating and issued a GBX 103 ($1.28) price objective on shares of Spirent Communications Plc in a report on Thursday, November 3rd. Numis Securities Ltd cut Spirent Communications Plc to a “hold” rating and dropped their price objective for the company from GBX 105 ($1.30) to GBX 90 ($1.12) in a report on Tuesday, November 8th. Panmure Gordon lifted their price objective on Spirent Communications Plc from GBX 120 ($1.49) to GBX 129 ($1.60) and gave the company a “buy” rating in a report on Tuesday, August 2nd. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 74 ($0.92) price objective on shares of Spirent Communications Plc in a report on Monday, October 17th. Finally, Liberum Capital reaffirmed a “hold” rating and issued a GBX 90 ($1.12) price objective on shares of Spirent Communications Plc in a report on Tuesday, August 2nd.

Shares of Spirent Communications Plc (LON:SPT) traded down 1.58% during mid-day trading on Monday, hitting GBX 78.00. The stock had a trading volume of 1,260,315 shares. The stock has a 50 day moving average price of GBX 82.56 and a 200 day moving average price of GBX 82.19. The firm’s market cap is GBX 476.27 million. Spirent Communications Plc has a 52 week low of GBX 64.25 and a 52 week high of GBX 94.75.

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