Eric G. Hutchinson Buys 314 Shares of Spirent Communications Plc (SPT) Stock
Spirent Communications Plc (LON:SPT) insider Eric G. Hutchinson acquired 314 shares of the stock in a transaction dated Thursday, November 24th. The shares were bought at an average price of GBX 79 ($0.98) per share, for a total transaction of £248.06 ($307.73).
Shares of Spirent Communications Plc (LON:SPT) opened at 78.00 on Tuesday. The company’s market cap is GBX 476.27 million. Spirent Communications Plc has a 52 week low of GBX 64.25 and a 52 week high of GBX 94.75. The stock’s 50 day moving average is GBX 82.45 and its 200-day moving average is GBX 82.11.
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SPT has been the topic of several research reports. Liberum Capital restated a “hold” rating and set a GBX 90 ($1.12) price objective on shares of Spirent Communications Plc in a research report on Tuesday, August 2nd. Panmure Gordon lifted their target price on shares of Spirent Communications Plc from GBX 120 ($1.49) to GBX 129 ($1.60) and gave the stock a “buy” rating in a research report on Tuesday, August 2nd. Barclays PLC reiterated an “equal weight” rating and issued a GBX 74 ($0.92) target price on shares of Spirent Communications Plc in a research report on Thursday, August 4th. Citigroup Inc. lifted their target price on shares of Spirent Communications Plc from GBX 82 ($1.02) to GBX 95 ($1.18) and gave the stock a “neutral” rating in a research report on Wednesday, August 10th. Finally, N+1 Singer reiterated a “buy” rating and issued a GBX 103 ($1.28) target price on shares of Spirent Communications Plc in a research report on Thursday, November 3rd. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 87.60 ($1.09).
About Spirent Communications Plc
Spirent Communications plc (Spirent) is a provider of test methodologies and solutions for data communications. The Company operates through three segments: Networks & Applications, Wireless & Service Positioning and Service Assurance. The Networks & Applications segment develops solutions for functional, performance and security testing of various networks and applications that simulate real-world conditions in the lab, before a commercial launch and in the live network.
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