Spirent Communications Plc (LON:SPT)‘s stock had its “hold” rating restated by equities researchers at Jefferies Group LLC in a report released on Monday, May 8th. They currently have a GBX 88 ($1.14) price target on the stock. Jefferies Group LLC’s price objective would suggest a potential downside of 24.79% from the company’s current price.
A number of other research firms have also weighed in on SPT. Liberum Capital reaffirmed a “buy” rating and issued a GBX 134 ($1.73) price objective on shares of Spirent Communications Plc in a research note on Monday, May 8th. N+1 Singer reaffirmed a “hold” rating and issued a GBX 109 ($1.41) price objective on shares of Spirent Communications Plc in a research note on Wednesday, May 3rd. Deutsche Bank AG upped 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 note on Wednesday, April 12th. Barclays PLC upped 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 note on Tuesday, April 11th. Finally, Numis Securities Ltd raised shares of Spirent Communications Plc to a “buy” rating and increased their price target for the company from GBX 80 ($1.03) to GBX 145 ($1.87) in a research report on Monday, March 20th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 115 ($1.48).
The business also recently disclosed a dividend, which was paid on Friday, May 5th. Investors of record on Thursday, March 9th were given a GBX 1.80 ($0.02) dividend. This is a positive change from Spirent Communications Plc’s previous dividend of $1.27. This represents a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, March 9th.
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In other Spirent Communications Plc news, insider Eric G. Hutchinson purchased 182,713 shares of the business’s stock in a transaction that occurred on Wednesday, March 15th. The shares were bought at an average price of GBX 109 ($1.41) per share, for a total transaction of £199,157.17 ($257,076.51). Also, insider Alexander Walker purchased 75,000 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The stock was acquired at an average price of GBX 106 ($1.37) per share, for a total transaction of £79,500 ($102,620.37). Insiders purchased a total of 267,927 shares of company stock valued at $28,990,541 over the last ninety days.
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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