Insider Buying: Spirent Communications Plc (SPT) Insider Acquires 210 Shares of Stock

Spirent Communications Plc (LON:SPT) insider Eric G. Hutchinson acquired 210 shares of the firm’s stock in a transaction that occurred on Monday, March 26th. The stock was purchased at an average cost of GBX 119 ($1.64) per share, with a total value of £249.90 ($345.26).

Shares of Spirent Communications Plc (SPT) traded down GBX 1.40 ($0.02) on Monday, reaching GBX 116.60 ($1.61). The company had a trading volume of 178,382 shares, compared to its average volume of 1,290,000. Spirent Communications Plc has a 52 week low of GBX 1.15 ($0.02) and a 52 week high of GBX 131 ($1.81). The stock has a market cap of $735.31 and a price-to-earnings ratio of 3,886.67.

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The business also recently announced a dividend, which will be paid on Friday, May 4th. Shareholders of record on Thursday, March 15th will be paid a GBX 5.33 ($0.07) dividend. The ex-dividend date is Thursday, March 15th. This represents a yield of 4.23%. This is an increase from Spirent Communications’s previous dividend of $1.27.

Several equities research analysts recently weighed in on SPT shares. Liberum Capital reissued a “buy” rating and issued a GBX 134 ($1.85) price objective on shares of Spirent Communications in a report on Monday, March 5th. Berenberg Bank reissued a “buy” rating on shares of Spirent Communications in a report on Friday, March 2nd. Finally, Barclays reissued an “equal weight” rating and issued a GBX 100 ($1.38) price objective on shares of Spirent Communications in a report on Friday, January 12th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 128.11 ($1.77).

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About Spirent Communications

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.

Insider Buying and Selling by Quarter for Spirent Communications (LON:SPT)

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