Eric G. Hutchinson Acquires 492 Shares of Spirent Communications Plc (SPT) Stock
Spirent Communications Plc (LON:SPT) insider Eric G. Hutchinson purchased 492 shares of Spirent Communications Plc stock in a transaction that occurred on Wednesday, May 24th. The shares were bought at an average cost of GBX 120 ($1.56) per share, for a total transaction of £590.40 ($768.05).
Spirent Communications Plc (LON:SPT) traded up 3.96% during midday trading on Friday, reaching GBX 124.75. The company’s stock had a trading volume of 357,055 shares. Spirent Communications Plc has a 52 week low of GBX 72.00 and a 52 week high of GBX 130.25. The firm’s market capitalization is GBX 761.72 million. The stock has a 50 day moving average of GBX 119.47 and a 200 day moving average of GBX 102.65.
The firm also recently announced a dividend, which was paid on Friday, May 5th. Investors of record on Thursday, March 9th were paid a dividend of GBX 1.80 ($0.02) per share. This is an increase from Spirent Communications Plc’s previous dividend of $1.27. The ex-dividend date of this dividend was Thursday, March 9th. This represents a yield of 1.71%.
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Several equities analysts recently commented on SPT shares. Liberum Capital raised Spirent Communications Plc to a “buy” rating and boosted their price target for the stock from GBX 90 ($1.17) to GBX 134 ($1.74) in a research report on Friday, March 24th. Numis Securities Ltd raised Spirent Communications Plc to a “buy” rating and boosted their price target for the stock from GBX 80 ($1.04) to GBX 145 ($1.89) in a research report on Monday, March 20th. Citigroup Inc raised Spirent Communications Plc to a “buy” rating and boosted their price target for the stock from GBX 90 ($1.17) to GBX 145 ($1.89) in a research report on Tuesday, May 9th. Deutsche Bank AG boosted their price target on Spirent Communications Plc from GBX 84 ($1.09) to GBX 120 ($1.56) and gave the stock a “hold” rating in a research report on Wednesday, April 12th. Finally, N+1 Singer reissued a “hold” rating and set a GBX 109 ($1.42) price target on shares of Spirent Communications Plc in a research report on Friday, March 10th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus 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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