Spirent Communications (SPT) Rating Reiterated by Jefferies Financial Group

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Spirent Communications (LON:SPT)‘s stock had its “buy” rating reiterated by Jefferies Financial Group in a note issued to investors on Thursday. They currently have a GBX 170 ($2.22) price target on the stock. Jefferies Financial Group’s price objective points to a potential upside of 8.83% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Liberum Capital reiterated a “buy” rating on shares of Spirent Communications in a research report on Thursday. Barclays lifted their price objective on Spirent Communications from GBX 100 ($1.31) to GBX 120 ($1.57) and gave the company an “equal weight” rating in a research report on Tuesday, December 4th. Finally, Goldman Sachs Group lifted their price objective on Spirent Communications from GBX 118 ($1.54) to GBX 152 ($1.99) and gave the company a “neutral” rating in a research report on Monday, January 28th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 154.60 ($2.02).

SPT traded up GBX 5 ($0.07) during trading on Thursday, hitting GBX 156.20 ($2.04). The company’s stock had a trading volume of 1,588,847 shares, compared to its average volume of 1,290,000. Spirent Communications has a 12 month low of GBX 1.15 ($0.02) and a 12 month high of GBX 131 ($1.71).

In other news, insider Eric G. Hutchinson bought 168 shares of the company’s stock in a transaction dated Monday, February 25th. The stock was bought at an average price of GBX 150 ($1.96) per share, for a total transaction of £252 ($329.28). Also, insider Eric G. Hutchinson bought 214 shares of the company’s stock in a transaction dated Monday, December 24th. The shares were purchased at an average price of GBX 117 ($1.53) per share, with a total value of £250.38 ($327.17). In the last 90 days, insiders have bought 562 shares of company stock valued at $75,078.

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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