Spirent Communications (SPT) Price Target Increased to GBX 130 by Analysts at Barclays

Spirent Communications (LON:SPT) had its price target boosted by Barclays from GBX 120 ($1.57) to GBX 130 ($1.70) in a research report released on Thursday. Barclays currently has an equal weight rating on the stock.

Several other analysts also recently commented on SPT. Canaccord Genuity reiterated a buy rating and set a GBX 175 ($2.29) target price on shares of Spirent Communications in a research note on Monday, October 1st. Liberum Capital restated a buy rating on shares of Spirent Communications in a research note on Monday, November 26th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Spirent Communications has a consensus rating of Buy and an average price target of GBX 152.75 ($2.00).

SPT stock remained flat at $GBX 142 ($1.86) on Thursday. The company had a trading volume of 435,143 shares, compared to its average volume of 1,290,000. Spirent Communications has a one year low of GBX 1.15 ($0.02) and a one year high of GBX 131 ($1.71).

In other news, insider Eric G. Hutchinson bought 214 shares of the firm’s stock in a transaction on Monday, December 24th. The stock was bought at an average cost of GBX 117 ($1.53) per share, for a total transaction of £250.38 ($327.17). Also, insider Eric G. Hutchinson sold 196 shares of the firm’s stock in a transaction dated Monday, November 26th. The stock was sold at an average price of GBX 128 ($1.67), for a total transaction of £250.88 ($327.82).

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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Analyst Recommendations for Spirent Communications (LON:SPT)

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