Spirent Communications Plc Plans Dividend of GBX 1.27 (LON:SPT)
Spirent Communications Plc (LON:SPT) declared a dividend on Thursday, August 3rd, Upcoming.Co.Uk reports. Investors of record on Thursday, August 10th will be given a dividend of GBX 1.27 ($0.02) per share on Friday, September 8th. This represents a yield of 1.24%. The ex-dividend date of this dividend is Thursday, August 10th. The official announcement can be seen at this link.
Spirent Communications Plc (LON SPT) traded down 4.21% during trading on Wednesday, reaching GBX 102.50. 109,352 shares of the company were exchanged. The firm’s market cap is GBX 625.86 million. Spirent Communications Plc has a 52-week low of GBX 75.75 and a 52-week high of GBX 130.25. The firm has a 50-day moving average of GBX 118.32 and a 200-day moving average of GBX 114.12.
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A number of research analysts recently issued reports on SPT shares. Deutsche Bank AG boosted their price objective on shares of Spirent Communications Plc from GBX 84 ($1.09) to GBX 120 ($1.56) and gave the company a “hold” rating in a report on Wednesday, April 12th. Numis Securities Ltd restated a “buy” rating and set a GBX 145 ($1.89) price objective on shares of Spirent Communications Plc in a report on Monday, May 8th. Citigroup Inc. upgraded shares of Spirent Communications Plc to a “buy” rating and boosted their price objective for the company from GBX 90 ($1.17) to GBX 145 ($1.89) in a report on Tuesday, May 9th. Barclays PLC boosted their price objective on shares of Spirent Communications Plc from GBX 74 ($0.96) to GBX 101 ($1.32) and gave the company an “equal weight” rating in a report on Tuesday, April 11th. Finally, Jefferies Group LLC upgraded shares of Spirent Communications Plc to a “buy” rating and boosted their price objective for the company from GBX 88 ($1.15) to GBX 145 ($1.89) in a report on Thursday, July 20th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Spirent Communications Plc currently has a consensus rating of “Hold” and a consensus price target of GBX 124.11 ($1.62).
In related news, insider Eric G. Hutchinson purchased 202 shares of Spirent Communications Plc stock in a transaction dated Monday, July 24th. The stock was bought at an average price of GBX 124 ($1.61) per share, for a total transaction of £250.48 ($326.19). Also, insider Eric G. Hutchinson purchased 218 shares of Spirent Communications Plc stock in a transaction dated Monday, June 26th. The stock was bought at an average price of GBX 115 ($1.50) per share, with a total value of £250.70 ($326.47). Insiders bought 26,398 shares of company stock valued at $3,116,506 in the last quarter.
About Spirent Communications Plc
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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