Spirent Communications Plc (LON:SPT) insider Eric G. Hutchinson bought 182,713 shares of the company’s stock in a transaction dated Wednesday, March 15th. The stock was bought at an average cost of GBX 109 ($1.35) per share, with a total value of £199,157.17 ($245,964.15).
Shares of Spirent Communications Plc (LON:SPT) opened at 109.50 on Tuesday. The company’s market capitalization is GBX 668.61 million. The company’s 50-day moving average price is GBX 103.30 and its 200-day moving average price is GBX 90.67. Spirent Communications Plc has a 52-week low of GBX 72.00 and a 52-week high of GBX 111.25.
The firm also recently declared a dividend, which will be paid on Friday, May 5th. Investors of record on Thursday, March 9th will be issued a dividend of GBX 1.80 ($0.02) per share. The ex-dividend date of this dividend is Thursday, March 9th. This represents a yield of 1.71%. This is a boost from Spirent Communications Plc’s previous dividend of $1.27.
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A number of equities analysts have recently issued reports on the company. Numis Securities Ltd raised Spirent Communications Plc to a “buy” rating and increased their target price for the stock from GBX 80 ($0.99) to GBX 145 ($1.79) in a report on Monday. N+1 Singer reissued a “hold” rating and issued a GBX 109 ($1.35) target price on shares of Spirent Communications Plc in a report on Friday, March 10th. Liberum Capital reissued a “hold” rating and issued a GBX 90 ($1.11) target price on shares of Spirent Communications Plc in a report on Thursday, March 2nd. Goldman Sachs Group Inc increased their target price on Spirent Communications Plc from GBX 76 ($0.94) to GBX 103 ($1.27) and gave the stock a “neutral” rating in a report on Friday, January 20th. Finally, Barclays PLC reissued an “equal weight” rating and issued a GBX 74 ($0.91) target price on shares of Spirent Communications Plc in a report on Tuesday, January 10th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 102.63 ($1.27).
Spirent Communications Plc Company Profile
Spirent Communications plc (Spirent) is a provider of test methodologies and solutions for data communications. The Company operates through three segments: Networks & Applications, Wireless & Service Positioning and Service Assurance. The Networks & Applications segment develops solutions for functional, performance and security testing of various networks and applications that simulate real-world conditions in the lab, before a commercial launch and in the live network.
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