Insider Buying: Spirent Communications Plc (SPT) Insider Acquires 15,000 Shares of Stock
Spirent Communications Plc (LON:SPT) insider Gary Bullard bought 15,000 shares of Spirent Communications Plc stock in a transaction dated Monday, August 14th. The shares were acquired at an average cost of GBX 104 ($1.35) per share, for a total transaction of £15,600 ($20,251.85).
Spirent Communications Plc (SPT) opened at 101.25 on Thursday. Spirent Communications Plc has a 1-year low of GBX 75.75 and a 1-year high of GBX 130.25. The stock’s market capitalization is GBX 618.23 million. The stock’s 50 day moving average price is GBX 116.58 and its 200 day moving average price is GBX 114.28.
The company also recently disclosed a dividend, which will be paid on Friday, September 8th. Shareholders of record on Thursday, August 10th will be issued a dividend of GBX 1.27 ($0.02) per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a yield of 1.24%.
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Several equities analysts have recently issued reports on SPT shares. Citigroup Inc. raised Spirent Communications Plc to a “buy” rating and boosted their target price for the company from GBX 90 ($1.17) to GBX 145 ($1.88) in a research note on Tuesday, May 9th. Jefferies Group LLC raised Spirent Communications Plc to a “buy” rating and boosted their target price for the company from GBX 88 ($1.14) to GBX 145 ($1.88) in a research note on Thursday, July 20th. Liberum Capital reissued a “buy” rating and set a GBX 134 ($1.74) target price on shares of Spirent Communications Plc in a research note on Monday, May 15th. Numis Securities Ltd reissued a “buy” rating and set a GBX 145 ($1.88) target price on shares of Spirent Communications Plc in a research note on Monday, May 8th. Finally, N+1 Singer reissued a “hold” rating and set a GBX 109 ($1.42) target price on shares of Spirent Communications Plc in a research note on Wednesday, May 3rd. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 124.11 ($1.61).
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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