Brokers bullish on Spirent Communications shares
The Spirent Communications (LON:SPT) share price has risen by 1.14% over the past month and it’s currently trading at 230.2p. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.
According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Spirent Communications currently has:
3 Buy recommendations
3 Hold recommendations
0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
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Researching beyond analyst forecasts
At its current price of 230.2p, shares in Spirent Communications are trading at a discount of -25.9% to its 52 week high price. The 1-year performance of the shares has been -5.27%.
While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Spirent Communications it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Spirent Communications that you can find out about here.