Spirent Communications (LON:SPT - Get Free Report) had its price target raised by research analysts at Canaccord Genuity Group from GBX 172.50 ($2.18) to GBX 199 ($2.52) in a research note issued on Wednesday, MarketBeat.com reports. The firm currently has a "hold" rating on the stock. Canaccord Genuity Group's price objective points to a potential upside of 1.43% from the company's previous close.
Separately, Numis Securities raised their target price on shares of Spirent Communications from GBX 155 ($1.96) to GBX 240 ($3.04) and gave the company a "buy" rating in a research note on Friday, March 8th.
Read Our Latest Analysis on Spirent Communications
Spirent Communications Trading Down 0.3 %
Shares of Spirent Communications stock traded down GBX 0.50 ($0.01) during trading on Wednesday, reaching GBX 196.20 ($2.48). 3,231,495 shares of the company were exchanged, compared to its average volume of 3,722,684. The firm has a market capitalization of £1.14 billion, a price-to-earnings ratio of 6,540.00, a P/E/G ratio of 5.73 and a beta of 0.41. The business has a 50-day moving average price of GBX 152 and a 200-day moving average price of GBX 125.73. The company has a quick ratio of 1.95, a current ratio of 1.93 and a debt-to-equity ratio of 5.70. Spirent Communications has a twelve month low of GBX 79.75 ($1.01) and a twelve month high of GBX 203.80 ($2.58).
Insiders Place Their Bets
In other news, insider Paula Bell sold 26,889 shares of the company's stock in a transaction on Monday, March 11th. The shares were sold at an average price of GBX 176 ($2.23), for a total value of £47,324.64 ($59,897.03). 4.07% of the stock is owned by corporate insiders.
About Spirent Communications
(
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Spirent Communications plc provides automated test and assurance solutions in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Lifecycle Service Assurance, and Networks & Security segments. The Lifecycle Service Assurance segment offers lab-based testing solutions for 5G mobile core networks, and cellular and Wi-Fi devices, as well as live solutions.
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