HSBC Increases Stake in Spirent Communications

Spirent Communications ( (GB:SPT) ) has shared an announcement.

Spirent Communications PLC has announced a change in the nature of holdings by HSBC Holdings plc, which now holds a total of 6.032% voting rights in the company. This change reflects a slight increase from the previous 6.028% and involves various entities under HSBC, including HSBC Bank plc and HSBC Global Asset Management (UK) Limited. The adjustment in voting rights indicates a strategic positioning by HSBC in Spirent Communications, potentially impacting the company’s governance and decision-making processes.

The most recent analyst rating on (GB:SPT) stock is a Buy with a £2.25 price target. To see the full list of analyst forecasts on Spirent Communications stock, see the GB:SPT Stock Forecast page.

More about Spirent Communications

Spirent Communications PLC is a UK-based company operating in the telecommunications industry, providing testing, assurance, and analytics solutions for next-generation devices and networks. The company focuses on ensuring the performance and security of communication networks and services.

Average Trading Volume: 2,758,382

Technical Sentiment Signal: Strong Buy

Current Market Cap: £1.11B

See more data about SPT stock on TipRanks’ Stock Analysis page.