SPT has been the topic of several other research reports. Berenberg Bank reissued a buy rating on shares of Spirent Communications in a research report on Monday, June 18th. Deutsche Bank reissued a hold rating on shares of Spirent Communications in a research report on Friday, July 13th. Finally, Jefferies Financial Group increased their price target on shares of Spirent Communications from GBX 140 ($1.79) to GBX 160 ($2.04) and gave the stock a buy rating in a research report on Monday, August 6th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of GBX 131.20 ($1.67).
Shares of SPT opened at GBX 115 ($1.47) on Thursday. Spirent Communications has a 1 year low of GBX 1.15 ($0.01) and a 1 year high of GBX 131 ($1.67).
The company also recently announced a dividend, which will be paid on Friday, September 7th. Investors of record on Thursday, August 9th will be issued a GBX 1.34 ($0.02) dividend. The ex-dividend date is Thursday, August 9th. This represents a yield of 1.2%.
In related news, insider Eric G. Hutchinson sold 366,762 shares of the firm’s stock in a transaction that occurred on Thursday, May 24th. The shares were sold at an average price of GBX 113 ($1.44), for a total value of £414,441.06 ($528,691.24).
About Spirent Communications
Spirent Communications plc provides solutions to develop devices and equipment and to operate networks worldwide. The company operates through three segments: Networks & Security, Lifecycle Service Assurance, and Connected Devices. 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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