Spirent Communications Plc (LON:SPT) insider Eric G. Hutchinson acquired 586 shares of the company’s stock in a transaction dated Tuesday, September 27th. The stock was acquired at an average cost of GBX 79 ($1.03) per share, for a total transaction of £462.94 ($604.28).
Spirent Communications Plc (LON:SPT) opened at 83.50 on Tuesday. Spirent Communications Plc has a 12-month low of GBX 64.25 and a 12-month high of GBX 94.75. The stock has a 50 day moving average price of GBX 82.91 and a 200 day moving average price of GBX 82.64. The company’s market capitalization is GBX 509.85 million.
The firm also recently announced a dividend, which was paid on Friday, September 9th. Investors of record on Thursday, August 11th were paid a GBX 1.27 ($0.02) dividend. The ex-dividend date was Thursday, August 11th. This represents a dividend yield of 1.48%.
A number of research analysts have recently issued reports on the company. Barclays PLC reissued an “equal weight” rating and issued a GBX 74 ($0.97) price objective on shares of Spirent Communications Plc in a research note on Thursday, August 4th. Canaccord Genuity reissued a “hold” rating and issued a GBX 76 ($0.99) price objective on shares of Spirent Communications Plc in a research note on Tuesday, June 7th. Panmure Gordon boosted their price objective on Spirent Communications Plc from GBX 120 ($1.57) to GBX 129 ($1.68) and gave the company a “buy” rating in a research note on Tuesday, August 2nd. Citigroup Inc. boosted their price objective on Spirent Communications Plc from GBX 82 ($1.07) to GBX 95 ($1.24) and gave the company a “neutral” rating in a research note on Wednesday, August 10th. Finally, Liberum Capital reissued a “hold” rating and issued a GBX 90 ($1.17) price objective on shares of Spirent Communications Plc in a research note on Tuesday, August 2nd. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Spirent Communications Plc presently has a consensus rating of “Hold” and a consensus target price of GBX 85.36 ($1.11).
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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