Spirent Communications Plc (LON:SPT) Insider Acquires £250.48 in Stock
Spirent Communications Plc (LON:SPT) insider Eric G. Hutchinson bought 202 shares of the business’s stock in a transaction on Monday, July 24th. The shares were bought at an average cost of GBX 124 ($1.62) per share, for a total transaction of £250.48 ($326.32).
Shares of Spirent Communications Plc (SPT) traded down 1.62% on Tuesday, hitting GBX 121.25. The stock had a trading volume of 82,315 shares. Spirent Communications Plc has a 1-year low of GBX 74.50 and a 1-year high of GBX 130.25. The firm’s market capitalization is GBX 740.35 million. The firm has a 50 day moving average of GBX 119.63 and a 200-day moving average of GBX 112.75.
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Several brokerages have commented on SPT. Liberum Capital reaffirmed a “buy” rating and set a GBX 134 ($1.75) target price on shares of Spirent Communications Plc in a report on Monday, May 8th. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 145 ($1.89) target price on shares of Spirent Communications Plc in a report on Monday, May 8th. Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 88 ($1.15) target price on shares of Spirent Communications Plc in a report on Monday, May 8th. Barclays PLC lifted their target price on Spirent Communications Plc from GBX 74 ($0.96) to GBX 101 ($1.32) and gave the stock an “equal weight” rating in a report on Tuesday, April 11th. Finally, Citigroup Inc. raised Spirent Communications Plc to a “buy” rating and lifted their target price for the stock from GBX 90 ($1.17) to GBX 145 ($1.89) in a report on Tuesday, May 9th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 124.60 ($1.62).
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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