Spirent Communications Plc (LON:SPT) insider Eric G. Hutchinson bought 182,713 shares of the stock in a transaction that occurred on Wednesday, March 15th. The shares were purchased at an average price of GBX 109 ($1.36) per share, with a total value of £199,157.17 ($248,604.63).
Spirent Communications Plc (LON:SPT) opened at 119.25 on Monday. The firm’s market cap is GBX 728.14 million. Spirent Communications Plc has a 52-week low of GBX 72.00 and a 52-week high of GBX 122.50. The firm’s 50-day moving average price is GBX 109.80 and its 200 day moving average price is GBX 93.98.
The business also recently declared a dividend, which will be paid on Friday, May 5th. Shareholders of record on Thursday, March 9th will be paid a GBX 1.80 ($0.02) dividend. This represents a yield of 1.71%. The ex-dividend date is Thursday, March 9th. This is a boost from Spirent Communications Plc’s previous dividend of $1.27.
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A number of equities research analysts have issued reports on SPT shares. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 74 ($0.92) price target on shares of Spirent Communications Plc in a research report on Tuesday, January 10th. Liberum Capital reaffirmed a “hold” rating and issued a GBX 90 ($1.12) price target on shares of Spirent Communications Plc in a research report on Thursday, March 2nd. Numis Securities Ltd raised Spirent Communications Plc to a “buy” rating and increased their price target for the company from GBX 80 ($1.00) to GBX 145 ($1.81) in a research report on Monday, March 20th. N+1 Singer lowered Spirent Communications Plc to a “hold” rating and set a GBX 103 ($1.29) price target on the stock. in a research report on Thursday, March 2nd. Finally, Goldman Sachs Group Inc increased their price target on Spirent Communications Plc from GBX 76 ($0.95) to GBX 103 ($1.29) and gave the company a “neutral” rating in a research report on Friday, January 20th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 108.13 ($1.35).
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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