Spirent Communications Plc (SPT) Announces Dividend of GBX 1.27
Spirent Communications Plc (LON:SPT) announced a dividend on Thursday, August 3rd, Upcoming.Co.Uk reports. Investors of record on Thursday, August 10th will be paid a dividend of GBX 1.27 ($0.02) per share on Friday, September 8th. This represents a yield of 1.24%. The ex-dividend date is Thursday, August 10th. The official announcement can be seen at this link.
Spirent Communications Plc (SPT) traded down 1.75% during mid-day trading on Friday, reaching GBX 98.25. 88,601 shares of the company’s stock traded hands. The company’s market capitalization is GBX 599.91 million. Spirent Communications Plc has a 52-week low of GBX 75.75 and a 52-week high of GBX 130.25. The company has a 50-day moving average of GBX 115.68 and a 200-day moving average of GBX 114.07.
In other Spirent Communications Plc news, insider Eric G. Hutchinson acquired 218 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was bought at an average price of GBX 115 ($1.49) per share, with a total value of £250.70 ($325.46). Also, insider Eric G. Hutchinson acquired 202 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were acquired at an average cost of GBX 124 ($1.61) per share, with a total value of £250.48 ($325.17). In the last three months, insiders purchased 15,912 shares of company stock valued at $1,669,158.
SPT has been the subject of a number of research reports. Citigroup Inc. upgraded shares of Spirent Communications Plc to a “buy” rating and raised their price objective for the company from GBX 90 ($1.17) to GBX 145 ($1.88) in a report on Tuesday, May 9th. Jefferies Group LLC upgraded Spirent Communications Plc to a “buy” rating and increased their target price for the stock from GBX 88 ($1.14) to GBX 145 ($1.88) in a report on Thursday, July 20th. Liberum Capital reiterated a “buy” rating and issued a GBX 134 ($1.74) target price on shares of Spirent Communications Plc in a report on Monday, May 15th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 145 ($1.88) target price on shares of Spirent Communications Plc in a report on Monday, May 8th. Finally, N+1 Singer restated a “hold” rating and set a GBX 109 ($1.42) price objective 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 assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average 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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