Spirent Communications Plc (LON:SPT) insider Eric G. Hutchinson purchased 182,713 shares of Spirent Communications Plc stock in a transaction on Wednesday, March 15th. The shares were acquired at an average price 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. Spirent Communications Plc has a 1-year low of GBX 72.00 and a 1-year high of GBX 111.25. The company’s market cap is GBX 668.61 million. The stock has a 50 day moving average price of GBX 103.30 and a 200-day moving average price of GBX 90.67.
The business also recently announced a dividend, which will be paid on Friday, May 5th. Stockholders of record on Thursday, March 9th will be issued a GBX 1.80 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, March 9th. This is a boost from Spirent Communications Plc’s previous dividend of $1.27. This represents a dividend yield of 1.71%.
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A number of research analysts have issued reports on the company. Numis Securities Ltd upgraded Spirent Communications Plc to a “buy” rating and boosted their price target for the stock from GBX 80 ($0.99) to GBX 145 ($1.79) in a research report on Monday. N+1 Singer reiterated a “hold” rating and set a GBX 109 ($1.35) price target on shares of Spirent Communications Plc in a research report on Friday, March 10th. Liberum Capital reiterated a “hold” rating and set a GBX 90 ($1.11) price target on shares of Spirent Communications Plc in a research report on Thursday, March 2nd. Goldman Sachs Group Inc boosted their price target on Spirent Communications Plc from GBX 76 ($0.94) to GBX 103 ($1.27) and gave the stock a “neutral” rating in a research report on Friday, January 20th. Finally, Barclays PLC reiterated an “equal weight” rating and set a GBX 74 ($0.91) price target on shares of Spirent Communications Plc in a research 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. The stock presently 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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