Gary Bullard Buys 15,000 Shares of Spirent Communications Plc (SPT) Stock
Spirent Communications Plc (LON:SPT) insider Gary Bullard acquired 15,000 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was purchased at an average cost of GBX 104 ($1.35) per share, with a total value of £15,600 ($20,315.15).
Shares of Spirent Communications Plc (SPT) traded down 0.49% on Monday, hitting GBX 102.50. The company’s stock had a trading volume of 97,438 shares. The company’s market cap is GBX 625.86 million. The stock’s 50 day moving average is GBX 117.69 and its 200-day moving average is GBX 114.07. Spirent Communications Plc has a 52 week low of GBX 75.75 and a 52 week high of GBX 130.25.
The company also recently announced a dividend, which will be paid on Friday, September 8th. Investors of record on Thursday, August 10th will be issued a GBX 1.27 ($0.02) dividend. The ex-dividend date is Thursday, August 10th. This represents a yield of 1.24%.
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A number of research firms recently issued reports on SPT. N+1 Singer reiterated a “hold” rating and issued a GBX 109 ($1.42) target price on shares of Spirent Communications Plc in a report on Wednesday, May 3rd. Citigroup Inc. raised Spirent Communications Plc to a “buy” rating and lifted their price target for the stock from GBX 90 ($1.17) to GBX 145 ($1.89) in a report on Tuesday, May 9th. Liberum Capital reaffirmed a “buy” rating and set a GBX 134 ($1.75) price target on shares of Spirent Communications Plc in a report on Wednesday, August 9th. Jefferies Group LLC reissued a “hold” rating and issued a GBX 88 ($1.15) target price on shares of Spirent Communications Plc in a report on Monday, May 15th. Finally, Numis Securities Ltd reissued a “buy” rating and issued a GBX 145 ($1.89) target price on shares of Spirent Communications Plc in a report on Friday, August 4th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Spirent Communications Plc currently has an average rating of “Hold” and an average target price of GBX 124.11 ($1.62).
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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