Shares of Spirent Communications plc (LON:SPT – Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 127.76 ($1.59) and traded as high as GBX 196 ($2.44). Spirent Communications shares last traded at GBX 193.50 ($2.41), with a volume of 953,323 shares changing hands.
Analysts Set New Price Targets
A number of research firms have recently commented on SPT. Canaccord Genuity Group boosted their price objective on Spirent Communications from GBX 172.50 ($2.15) to GBX 199 ($2.48) and gave the company a “hold” rating in a research report on Wednesday, April 10th. Numis Securities upped their price target on shares of Spirent Communications from GBX 155 ($1.93) to GBX 240 ($2.99) and gave the stock a “buy” rating in a research report on Friday, March 8th.
Spirent Communications Stock Performance
Insiders Place Their Bets
In other Spirent Communications news, insider Paula Bell sold 26,889 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of GBX 176 ($2.19), for a total value of £47,324.64 ($58,912.78). 4.09% of the stock is owned by insiders.
About Spirent Communications
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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