Liberum Capital restated their buy rating on shares of Spirent Communications (LON:SPT) in a research note released on Wednesday, ThisIsMoney.Co.Uk reports.
Several other research firms have also recently weighed in on SPT. Barclays lifted their price target on Spirent Communications from GBX 120 ($1.57) to GBX 130 ($1.70) and gave the stock an equal weight rating in a report on Thursday, January 17th. UBS Group reissued a neutral rating and set a GBX 155 ($2.03) price target (up from GBX 125 ($1.63)) on shares of Spirent Communications in a report on Tuesday, April 23rd. Deutsche Bank reissued a hold rating on shares of Spirent Communications in a report on Monday, April 15th. Jefferies Financial Group reissued a buy rating and set a GBX 170 ($2.22) price target on shares of Spirent Communications in a report on Thursday, March 7th. Finally, Goldman Sachs Group lifted their price target on Spirent Communications from GBX 118 ($1.54) to GBX 152 ($1.99) and gave the stock a neutral rating in a report on Monday, January 28th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of GBX 166.67 ($2.18).
LON:SPT traded down GBX 1.20 ($0.02) during mid-day trading on Wednesday, hitting GBX 165 ($2.16). 713,445 shares of the stock were exchanged, compared to its average volume of 1,290,000. The stock has a market cap of $1.01 billion and a P/E ratio of 18.33. Spirent Communications has a fifty-two week low of GBX 110.40 ($1.44) and a fifty-two week high of GBX 162 ($2.12).
The business also recently disclosed a dividend, which was paid on Friday, May 3rd. Shareholders of record on Thursday, March 14th were paid a dividend of GBX 2.08 ($0.03) per share. This represents a yield of 1.38%. The ex-dividend date was Thursday, March 14th. This is a positive change from Spirent Communications’s previous dividend of $1.34. Spirent Communications’s dividend payout ratio (DPR) is 0.33%.
In other news, insider Eric G. Hutchinson sold 25,482 shares of Spirent Communications stock in a transaction on Friday, March 8th. The stock was sold at an average price of GBX 155 ($2.03), for a total value of £39,497.10 ($51,609.96). Also, insider Eric G. Hutchinson purchased 166 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was acquired at an average price of GBX 151 ($1.97) per share, for a total transaction of £250.66 ($327.53). In the last 90 days, insiders have acquired 510 shares of company stock worth $75,082.
About Spirent Communications
Spirent Communications plc provides solutions to develop devices and equipment and to operate networks worldwide. The company operates through Networks & Security, Lifecycle Service Assurance, and Connected Devices segments. The Networks & Security segment develops performance and security test systems to accelerate the development of new devices, networks, and applications for high-speed Ethernet/IP, mobile, and global satellite navigation systems.
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