Spirent Communications Plc (SPT) Insider Eric G. Hutchinson Purchases 274 Shares of Stock
Spirent Communications Plc (LON:SPT) insider Eric G. Hutchinson acquired 274 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was acquired at an average cost of GBX 91 ($1.20) per share, with a total value of £249.34 ($329.03).
Shares of Spirent Communications Plc (LON SPT) opened at 91.00 on Thursday. The stock’s 50 day moving average is GBX 94.49 and its 200-day moving average is GBX 110.11. Spirent Communications Plc has a one year low of GBX 75.75 and a one year high of GBX 130.25. The company’s market cap is GBX 555.65 million.
SPT has been the subject of a number of recent research reports. Jefferies Group LLC raised shares of Spirent Communications Plc to a “buy” rating and boosted their price objective for the company from GBX 88 ($1.16) to GBX 145 ($1.91) in a report on Thursday, July 20th. J P Morgan Chase & Co cut their price objective on shares of Spirent Communications Plc from GBX 145 ($1.91) to GBX 140 ($1.85) and set a “buy” rating for the company in a report on Friday, September 8th. Liberum Capital reissued a “buy” rating and issued a GBX 134 ($1.77) price objective on shares of Spirent Communications Plc in a report on Wednesday, August 9th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 145 ($1.91) price objective on shares of Spirent Communications Plc in a report on Friday, August 4th. Finally, N+1 Singer reissued a “hold” rating on shares of Spirent Communications Plc in a report on Thursday, August 3rd. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 125.90 ($1.66).
About Spirent Communications Plc
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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