Spirent Communications Plc (SPT) Insider Purchases £30,073.48 in Stock
Spirent Communications Plc (LON:SPT) insider Bill Thomas bought 25,486 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was acquired at an average cost of GBX 118 ($1.54) per share, with a total value of £30,073.48 ($39,122.52).
Spirent Communications Plc (LON:SPT) traded up 2.08% during mid-day trading on Wednesday, reaching GBX 122.75. The company had a trading volume of 355,140 shares. The stock’s market cap is GBX 749.51 million. The firm’s 50-day moving average price is GBX 119.34 and its 200-day moving average price is GBX 102.25. Spirent Communications Plc has a 12 month low of GBX 72.00 and a 12 month high of GBX 130.25.
The company also recently announced a dividend, which was paid on Friday, May 5th. Shareholders of record on Thursday, March 9th were issued a dividend of GBX 1.80 ($0.02) per share. This represents a yield of 1.71%. The ex-dividend date of this dividend was Thursday, March 9th. This is a boost from Spirent Communications Plc’s previous dividend of $1.27.
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Several brokerages have recently commented on SPT. Liberum Capital reaffirmed a “buy” rating and issued a GBX 134 ($1.74) target price on shares of Spirent Communications Plc in a research report on Monday, May 15th. Jefferies Group LLC reaffirmed a “hold” rating and issued a GBX 88 ($1.14) target price on shares of Spirent Communications Plc in a research report on Monday, May 8th. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 145 ($1.89) target price on shares of Spirent Communications Plc in a research report on Monday, May 8th. Barclays PLC raised their target price on Spirent Communications Plc from GBX 74 ($0.96) to GBX 101 ($1.31) and gave the stock an “equal weight” rating in a research report on Tuesday, April 11th. Finally, N+1 Singer reaffirmed a “hold” rating and issued a GBX 109 ($1.42) target price on shares of Spirent Communications Plc in a research report on Wednesday, May 3rd. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 115 ($1.50).
Spirent Communications Plc Company Profile
Spirent Communications plc enables service provider networks, data centers, enterprise information technology (IT), mobile communications, connected vehicles or the Internet of Things to communicate and collaborate. The Company’s segments include Networks & Applications, Wireless & Service Positioning and Service Assurance.
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