Spirent Communications (LON:SPT) Receives Buy Rating from Liberum Capital

Liberum Capital reiterated their buy rating on shares of Spirent Communications (LON:SPT) in a report released on Tuesday, ThisIsMoney.Co.Uk reports.

Several other analysts also recently commented on SPT. Jefferies Financial Group reissued a buy rating and issued a GBX 170 ($2.22) target price on shares of Spirent Communications in a research report on Thursday, March 7th. Barclays boosted their target price on shares of Spirent Communications from GBX 130 ($1.70) to GBX 140 ($1.83) and gave the stock an equal weight rating in a research report on Friday, March 8th. Goldman Sachs Group decreased their target price on shares of Spirent Communications from GBX 152 ($1.99) to GBX 145 ($1.89) and set a neutral rating for the company in a research report on Monday, March 11th. Deutsche Bank reissued a hold rating on shares of Spirent Communications in a research report on Monday, April 15th. Finally, UBS Group reissued a neutral rating and issued a GBX 155 ($2.03) target price (up from GBX 125 ($1.63)) on shares of Spirent Communications in a research report on Tuesday, April 23rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Spirent Communications has an average rating of Buy and a consensus price target of GBX 166.67 ($2.18).

Shares of SPT opened at GBX 155.40 ($2.03) on Tuesday. Spirent Communications has a 52 week low of GBX 110.80 ($1.45) and a 52 week high of GBX 169 ($2.21). The company has a market cap of $948.94 million and a P/E ratio of 17.27.

In other Spirent Communications news, insider Eric G. Hutchinson bought 166 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was bought at an average cost of GBX 151 ($1.97) per share, with a total value of £250.66 ($327.53).

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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Analyst Recommendations for Spirent Communications (LON:SPT)

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