Liberum Capital Reaffirms Buy Rating for Spirent Communications (STarget Price)

Liberum Capital Reaffirms Buy Rating for Spirent Communications (STarget Price)

Liberum Capital restated their buy rating on shares of Spirent Communications (LON:SPT) in a research note released on Wednesday, ThisIsMoney.Co.Uk reports.

Several other research firms have also recently weighed in on SPT. Barclays lifted their price target on Spirent Communications from GBX 120 ($1.57) to GBX 130 ($1.70) and gave the stock an equal weight rating in a report on Thursday, January 17th. UBS Group reissued a neutral rating and set a GBX 155 ($2.03) price target (up from GBX 125 ($1.63)) on shares of Spirent Communications in a report on Tuesday, April 23rd. Deutsche Bank reissued a hold rating on shares of Spirent Communications in a report on Monday, April 15th. Jefferies Financial Group reissued a buy rating and set a GBX 170 ($2.22) price target on shares of Spirent Communications in a report on Thursday, March 7th. Finally, Goldman Sachs Group lifted their price target on Spirent Communications from GBX 118 ($1.54) to GBX 152 ($1.99) and gave the stock a neutral rating in a report on Monday, January 28th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of GBX 166.67 ($2.18).

LON:SPT traded down GBX 1.20 ($0.02) during mid-day trading on Wednesday, hitting GBX 165 ($2.16). 713,445 shares of the stock were exchanged, compared to its average volume of 1,290,000. The stock has a market cap of $1.01 billion and a P/E ratio of 18.33. Spirent Communications has a fifty-two week low of GBX 110.40 ($1.44) and a fifty-two week high of GBX 162 ($2.12).

The business also recently disclosed a dividend, which was paid on Friday, May 3rd. Shareholders of record on Thursday, March 14th were paid a dividend of GBX 2.08 ($0.03) per share. This represents a yield of 1.38%. The ex-dividend date was Thursday, March 14th. This is a positive change from Spirent Communications’s previous dividend of $1.34. Spirent Communications’s dividend payout ratio (DPR) is 0.33%.

In other news, insider Eric G. Hutchinson sold 25,482 shares of Spirent Communications stock in a transaction on Friday, March 8th. The stock was sold at an average price of GBX 155 ($2.03), for a total value of £39,497.10 ($51,609.96). Also, insider Eric G. Hutchinson purchased 166 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was acquired at an average price of GBX 151 ($1.97) per share, for a total transaction of £250.66 ($327.53). In the last 90 days, insiders have acquired 510 shares of company stock worth $75,082.

About Spirent Communications

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.

Further Reading: What defines an oversold asset?

Related posts

Leave a Comment