Spirent Communications Plc (LON:SPT)‘s stock had its “buy” rating restated by research analysts at Numis Securities Ltd in a report released on Monday, May 8th. They currently have a GBX 145 ($1.87) price objective on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 25.00% from the stock’s current price.
A number of other equities research analysts also recently weighed in on the company. Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 88 ($1.14) price objective on shares of Spirent Communications Plc in a report on Monday, May 8th. Liberum Capital reissued a “buy” rating and issued a GBX 134 ($1.73) target price on shares of Spirent Communications Plc in a report on Monday, May 8th. N+1 Singer reissued a “hold” rating and issued a GBX 109 ($1.41) target price on shares of Spirent Communications Plc in a report on Wednesday, May 3rd. Deutsche Bank AG boosted their price objective on shares of Spirent Communications Plc from GBX 84 ($1.08) to GBX 120 ($1.55) and gave the stock a “hold” rating in a research report on Wednesday, April 12th. Finally, Barclays PLC boosted their price objective on shares of Spirent Communications Plc from GBX 74 ($0.96) to GBX 101 ($1.30) and gave the stock an “equal weight” rating in a research report on Tuesday, April 11th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 115 ($1.48).
The business also recently announced a dividend, which was paid on Friday, May 5th. Investors of record on Thursday, March 9th were paid a GBX 1.80 ($0.02) dividend. The ex-dividend date was Thursday, March 9th. This is a positive change from Spirent Communications Plc’s previous dividend of $1.27. This represents a yield of 1.71%.
In other Spirent Communications Plc news, insider Alexander Walker acquired 75,000 shares of Spirent Communications Plc stock in a transaction dated Friday, March 10th. The stock was bought at an average cost of GBX 106 ($1.37) per share, for a total transaction of £79,500 ($102,620.37). Also, insider Gary Bullard acquired 10,000 shares of Spirent Communications Plc stock in a transaction dated Tuesday, March 21st. The shares were acquired at an average price of GBX 110 ($1.42) per share, with a total value of £11,000 ($14,199.04). Over the last ninety days, insiders purchased 267,927 shares of company stock valued at $28,990,541.
Spirent Communications Plc Company Profile
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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