Shares of Spirent Communications Plc (LON:SPT) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 130.60 ($1.80) and last traded at GBX 128.20 ($1.77), with a volume of 473812 shares trading hands. The stock had previously closed at GBX 126 ($1.74).
Several research firms recently issued reports on SPT. Liberum Capital reissued a “buy” rating and issued a GBX 134 ($1.85) price target on shares of Spirent Communications in a research report on Monday, March 5th. Berenberg Bank reissued a “buy” rating on shares of Spirent Communications in a research report on Friday, March 2nd. Finally, Barclays reissued an “equal weight” rating and issued a GBX 100 ($1.38) price target on shares of Spirent Communications in a research report on Friday, January 12th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Spirent Communications presently has an average rating of “Buy” and a consensus target price of GBX 125.80 ($1.74).
The firm has a market capitalization of $789.15 and a price-to-earnings ratio of 4,300.00.
In other news, insider Eric G. Hutchinson acquired 246 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were purchased at an average cost of GBX 102 ($1.41) per share, with a total value of £250.92 ($346.67). Also, insider Eric G. Hutchinson acquired 244 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were purchased at an average cost of GBX 103 ($1.42) per share, for a total transaction of £251.32 ($347.22). Insiders have acquired a total of 732 shares of company stock worth $75,150 over the last ninety days.
WARNING: This piece was posted by Ticker Report and is the property of of Ticker Report. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3260647/spirent-communications-spt-reaches-new-12-month-high-at-130-60.html.
About Spirent Communications
Spirent Communications plc enables service provider networks, data centers, enterprise information technology (IT), mobile communications, connected vehicles or the Internet of Things to communicate and collaborate. The Company’s segments include Networks & Applications, Wireless & Service Positioning and Service Assurance.
Receive News & Ratings for Spirent Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirent Communications and related companies with MarketBeat.com's FREE daily email newsletter.