Shares of Spirent Communications Plc (LON:SPT) have received an average recommendation of “Hold” from the eleven ratings firms that are presently covering the stock. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 86.90 ($1.13).
SPT has been the subject of a number of recent analyst reports. Barclays PLC reiterated an “equal weight” rating and issued a GBX 74 ($0.97) target price on shares of Spirent Communications Plc in a research report on Wednesday, July 6th. Citigroup Inc. increased their target price on shares of Spirent Communications Plc from GBX 82 ($1.07) to GBX 95 ($1.24) and gave the company a “neutral” rating in a research report on Wednesday, August 10th. Canaccord Genuity reiterated a “hold” rating and issued a GBX 76 ($0.99) target price on shares of Spirent Communications Plc in a research report on Tuesday, June 7th. Panmure Gordon reiterated a “buy” rating and issued a GBX 120 ($1.57) target price on shares of Spirent Communications Plc in a research report on Monday, May 23rd. Finally, Liberum Capital reiterated a “hold” rating and issued a GBX 90 ($1.17) target price on shares of Spirent Communications Plc in a research report on Tuesday, August 2nd.
In other news, insider Maxwell,Tom acquired 20,000 shares of Spirent Communications Plc stock in a transaction on Wednesday, June 29th. The stock was bought at an average cost of GBX 77 ($1.01) per share, with a total value of £15,400 ($20,101.81). Also, insider Hutchinson,Eric G acquired 278 shares of Spirent Communications Plc stock in a transaction on Wednesday, August 24th. The shares were purchased at an average cost of GBX 90 ($1.17) per share, with a total value of £250.20 ($326.59).
Spirent Communications Plc (LON:SPT) traded up 0.64% during midday trading on Monday, reaching GBX 79.00. 140,255 shares of the company were exchanged. The firm’s 50-day moving average price is GBX 85.71 and its 200 day moving average price is GBX 83.48. Spirent Communications Plc has a 52-week low of GBX 64.25 and a 52-week high of GBX 94.75. The stock’s market capitalization is GBX 482.37 million.
The company also recently disclosed a dividend, which was paid on Friday, September 9th. Shareholders of record on Thursday, August 11th were paid a dividend of GBX 1.27 ($0.02) per share. This represents a yield of 1.48%. The ex-dividend date was Thursday, August 11th.
About Spirent Communications Plc
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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