Spirent Communications (SPT)

Sector:

IT Hardware

Index:

FTSE 250

193.50p
   
  • Change Today:
      1.90p
  • 52 Week High: 200.00
  • 52 Week Low: 90.10
  • Currency: UK Pounds
  • Shares Issued: 578.65m
  • Volume: 3,648,520
  • Market Cap: £1,119.68m
  • RiskGrade: 172

Canaccord Genuity trims target for Spirent Communications, keeps at 'speculative buy'

By Alexander Bueso

Date: Thursday 03 Aug 2023

LONDON (ShareCast) - (Sharecast News) - Canaccord Genuity analysts trimmed their target price for Spirent Communications, but kept their recommendation at 'speculative buy'.
They described the telecommunications testing company's interims as "soft" but said that orders had seen an "encouraging" pick up.

Furthermore, they 20% year-on-year dop in first half sales had already been telegraphed by the outfit in previous updates.

However, Spirent had managed its cost base "well" and there had been clear signs of improvement regarding demand and the outlook for the second half.

Canaccord trimmed its target from 250.0p to 240.0p but kept its recommendation at 'speculative buy'.



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SPT Market Data

Currency UK Pounds
Share Price 193.50p
Change Today 1.90p
% Change 0.99 %
52 Week High 200.00
52 Week Low 90.10
Volume 3,648,520
Shares Issued 578.65m
Market Cap £1,119.68m
RiskGrade 172

SPT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.2% below the market average84.2% below the market average84.2% below the market average84.2% below the market average84.2% below the market average
58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average
Price Trend
58.76% above the market average58.76% above the market average58.76% above the market average58.76% above the market average58.76% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Income
78.64% below the market average78.64% below the market average78.64% below the market average78.64% below the market average78.64% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Growth
98.86% below the market average98.86% below the market average98.86% below the market average98.86% below the market average98.86% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SPT Dividends

  Latest Previous
  Interim Final
Ex-Div 10-Aug-23 16-Mar-23
Paid 15-Sep-23 10-May-23
Amount 2.14p 4.12p

Trades for 03-May-2024

Time Volume / Share Price
16:37 1,019,621 @ 193.40p
16:36 393,093 @ 193.50p
16:35 713,236 @ 193.50p
16:35 14,227 @ 193.50p
16:35 92,680 @ 193.50p

SPT Key Personnel

CEO Eric Updyke

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