Spirent Communications Plc (LON:SPT) insider Eric G. Hutchinson purchased 311 shares of the company’s stock in a transaction dated Monday, September 24th. The shares were acquired at an average cost of GBX 133 ($1.73) per share, with a total value of £413.63 ($538.79).
Shares of LON SPT opened at GBX 129.40 ($1.69) on Thursday. Spirent Communications Plc has a twelve month low of GBX 1.15 ($0.01) and a twelve month high of GBX 131 ($1.71).
The company also recently announced a dividend, which was paid on Friday, September 7th. Investors of record on Thursday, August 9th were paid a dividend of GBX 1.34 ($0.02) per share. This represents a yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 9th.
A number of equities analysts recently weighed in on the stock. Jefferies Financial Group lifted their target price on shares of Spirent Communications from GBX 140 ($1.82) to GBX 160 ($2.08) and gave the stock a “buy” rating in a research note on Monday, August 6th. Deutsche Bank reissued a “hold” rating on shares of Spirent Communications in a research note on Friday, July 13th. Liberum Capital reissued a “buy” rating and set a GBX 146 ($1.90) target price on shares of Spirent Communications in a research note on Wednesday, August 8th. Finally, Berenberg Bank reissued a “buy” rating on shares of Spirent Communications in a research note on Monday, June 18th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of GBX 135.33 ($1.76).
Spirent Communications Company Profile
Spirent Communications plc provides solutions to develop devices and equipment and to operate networks worldwide. The company operates through three segments: Networks & Security, Lifecycle Service Assurance, and Connected Devices. The Networks & Security segment develops performance and security test systems to accelerate the development of new devices, networks, and applications for high-speed Ethernet/IP, mobile, and global satellite navigation systems.
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