Spirent Communications plc (LON:SPT) Insider Purchases £124.88 in Stock

Spirent Communications plc (LON:SPTGet Rating) insider Paula Bell acquired 56 shares of the business’s stock in a transaction that occurred on Monday, April 25th. The shares were purchased at an average cost of GBX 223 ($2.84) per share, with a total value of £124.88 ($159.16).

Paula Bell also recently made the following trade(s):

  • On Thursday, March 24th, Paula Bell acquired 50 shares of Spirent Communications stock. The shares were purchased at an average cost of GBX 248 ($3.16) per share, with a total value of £124 ($158.04).
  • On Thursday, February 24th, Paula Bell acquired 53 shares of Spirent Communications stock. The shares were purchased at an average cost of GBX 237 ($3.02) per share, with a total value of £125.61 ($160.09).

SPT stock opened at GBX 220.40 ($2.81) on Tuesday. The stock has a market capitalization of £1.35 billion and a P/E ratio of 19.79. The company has a current ratio of 2.09, a quick ratio of 1.87 and a debt-to-equity ratio of 6.66. Spirent Communications plc has a 12 month low of GBX 209.80 ($2.67) and a 12 month high of GBX 310.60 ($3.96). The firm has a 50-day moving average price of GBX 236.68 and a 200-day moving average price of GBX 255.16.

The business also recently announced a dividend, which will be paid on Tuesday, May 10th. Stockholders of record on Thursday, March 17th will be issued a GBX 3.34 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, March 17th. This represents a dividend yield of 1.48%. This is a boost from Spirent Communications’s previous dividend of $1.72. Spirent Communications’s dividend payout ratio is 0.55%.

Several research firms recently weighed in on SPT. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 270 ($3.44) price objective on shares of Spirent Communications in a research report on Tuesday, January 25th. Berenberg Bank reaffirmed a “buy” rating on shares of Spirent Communications in a research report on Tuesday, March 15th. Finally, Canaccord Genuity Group dropped their target price on shares of Spirent Communications from GBX 320 ($4.08) to GBX 310 ($3.95) and set a “buy” rating for the company in a report on Friday, March 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 328 ($4.18).

About Spirent Communications (Get Rating)

Spirent Communications plc provides automated test and assurance solutions for networks, cybersecurity, and positioning in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates in Lifecycle Service Assurance and Networks & Security segments. The Lifecycle Service Assurance segment provides testing solutions for 5G mobile core networks, and cellular and Wi-Fi devices in the lab, as well as diagnoses, troubleshoots, and resolves issues with production networks and services.

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