Spirent Communications (SPT) PT Raised to GBX 120
Spirent Communications (LON:SPT) had its price objective raised by research analysts at Barclays from GBX 100 ($1.31) to GBX 120 ($1.57) in a research note issued to investors on Tuesday. The firm presently has an “equal weight” rating on the stock. Barclays’ target price indicates a potential downside of 2.12% from the stock’s previous close.
A number of other analysts have also recently commented on SPT. Jefferies Financial Group upped their price objective on Spirent Communications from GBX 140 ($1.83) to GBX 160 ($2.09) and gave the company a “buy” rating in a research report on Monday, August 6th. Liberum Capital reiterated a “buy” rating on shares of Spirent Communications in a research report on Monday, November 26th. Finally, Canaccord Genuity reiterated a “buy” rating and set a GBX 175 ($2.29) price objective on shares of Spirent Communications in a research report on Monday, October 1st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Spirent Communications currently has a consensus rating of “Buy” and a consensus price target of GBX 150.25 ($1.96).
Spirent Communications stock opened at GBX 122.60 ($1.60) on Tuesday. Spirent Communications has a one year low of GBX 1.15 ($0.02) and a one year high of GBX 131 ($1.71).
About Spirent Communications
Spirent Communications plc provides solutions to develop devices and equipment and to operate networks worldwide. The company operates through three segments: Networks & Security, Lifecycle Service Assurance, and Connected Devices. 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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