Spirent Communications plc (LON:SPT) has received a consensus recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 267.40 ($3.49).
SPT has been the topic of several analyst reports. Liberum Capital reaffirmed a “buy” rating and issued a GBX 310 ($4.05) target price on shares of Spirent Communications in a report on Monday, January 18th. Canaccord Genuity raised their price objective on shares of Spirent Communications from GBX 275 ($3.59) to GBX 280 ($3.66) and gave the company a “buy” rating in a research note on Friday, March 12th.
Shares of LON:SPT traded up GBX 8 ($0.10) during midday trading on Friday, hitting GBX 250 ($3.27). The stock had a trading volume of 2,174,613 shares, compared to its average volume of 1,522,322. The company has a market capitalization of £1.53 billion and a PE ratio of 18.23. The stock has a 50 day moving average price of GBX 240.23 and a two-hundred day moving average price of GBX 261.25. The company has a current ratio of 2.56, a quick ratio of 2.35 and a debt-to-equity ratio of 6.37. Spirent Communications has a 1 year low of GBX 220 ($2.87) and a 1 year high of GBX 311.09 ($4.06).
The business also recently disclosed a dividend, which will be paid on Friday, April 30th. Investors of record on Thursday, March 18th will be paid a GBX 8.18 ($0.11) dividend. This is a boost from Spirent Communications’s previous dividend of $1.67. The ex-dividend date of this dividend is Thursday, March 18th. This represents a dividend yield of 3.26%. Spirent Communications’s dividend payout ratio (DPR) is 0.41%.
In related news, insider Gary Bullard acquired 4,250 shares of Spirent Communications stock in a transaction that occurred on Thursday, April 8th. The stock was purchased at an average price of GBX 243 ($3.17) per share, for a total transaction of £10,327.50 ($13,492.94). Insiders purchased 14,404 shares of company stock valued at $3,630,231 in the last quarter.
Spirent Communications Company Profile
Spirent Communications plc provides test, assurance, and analytics solutions for devices and networks in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It operates through Networks & Security and Lifecycle Service Assurance segments. The Networks & Security segment provides high-speed Ethernet/IP performance testing for the development and validation of new equipment, networks, and applications for cloud and mobile; consulting services, test tools, methodologies, and security validation solutions; global navigation satellite system (GNSS) simulation products; and positioning, navigation and timing (PNT) solutions, as well as develops test methodologies, tools, and services for virtualized networks and cloud.
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