Spirent Communications Plc (SPT) Insider Acquires £249.34 in Stock
Spirent Communications Plc (LON:SPT) insider Eric G. Hutchinson acquired 274 shares of Spirent Communications Plc stock in a transaction that occurred on Tuesday, October 24th. The stock was purchased at an average cost of GBX 91 ($1.20) per share, with a total value of £249.34 ($329.03).
Shares of Spirent Communications Plc (LON:SPT) traded up 1.65% during mid-day trading on Wednesday, hitting GBX 92.50. The company had a trading volume of 72,143 shares. Spirent Communications Plc has a 12 month low of GBX 75.75 and a 12 month high of GBX 130.25. The firm has a 50-day moving average of GBX 94.64 and a 200-day moving average of GBX 110.30. The company’s market cap is GBX 564.80 million.
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A number of brokerages have issued reports on SPT. Jefferies Group LLC raised Spirent Communications Plc to a “buy” rating and raised their target price for the stock from GBX 88 ($1.16) to GBX 145 ($1.91) in a research note on Thursday, July 20th. N+1 Singer reaffirmed a “hold” rating on shares of Spirent Communications Plc in a research note on Thursday, August 3rd. Liberum Capital reaffirmed a “buy” rating and issued a GBX 134 ($1.77) target price on shares of Spirent Communications Plc in a research note on Thursday, August 3rd. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 145 ($1.91) target price on shares of Spirent Communications Plc in a research note on Friday, August 4th. Finally, J P Morgan Chase & Co cut their target price on Spirent Communications Plc from GBX 145 ($1.91) to GBX 140 ($1.85) and set a “buy” rating for the company in a research note on Friday, September 8th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of GBX 125.90 ($1.66).
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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