Deutsche Bank restated their hold rating on shares of Spirent Communications (LON:SPT) in a research note published on Monday morning, ThisIsMoney.Co.Uk reports.
Several other research analysts have also recently issued reports on SPT. Liberum Capital reaffirmed a buy rating on shares of Spirent Communications in a research report on Friday, January 11th. Barclays upped their price objective on Spirent Communications from GBX 120 ($1.57) to GBX 130 ($1.70) and gave the stock an equal weight rating in a research report on Thursday, January 17th. Goldman Sachs Group upped their price objective on Spirent Communications from GBX 118 ($1.54) to GBX 152 ($1.99) and gave the stock a neutral rating in a research report on Monday, January 28th. Finally, Jefferies Financial Group reaffirmed a buy rating and set a GBX 170 ($2.22) price objective on shares of Spirent Communications in a research report on Thursday, March 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of GBX 167 ($2.18).
LON:SPT opened at GBX 145.80 ($1.91) on Monday. The stock has a market cap of $895.20 million and a PE ratio of 16.20. Spirent Communications has a 1 year low of GBX 110.40 ($1.44) and a 1 year high of GBX 162 ($2.12).
The company also recently announced a dividend, which will be paid on Friday, May 3rd. Investors of record on Thursday, March 14th will be given a GBX 2.08 ($0.03) dividend. The ex-dividend date is Thursday, March 14th. This is a boost from Spirent Communications’s previous dividend of $1.34. This represents a dividend yield of 1.38%. Spirent Communications’s dividend payout ratio is 0.33%.
In other news, insider Eric G. Hutchinson bought 168 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The stock was purchased at an average cost of GBX 150 ($1.96) per share, with a total value of £252 ($329.28). Also, insider Eric G. Hutchinson sold 25,482 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of GBX 155 ($2.03), for a total value of £39,497.10 ($51,609.96). Over the last three months, insiders purchased 524 shares of company stock valued at $74,856.
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.
Recommended Story: Analyst Ratings Trading
Receive News & Ratings for Spirent Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirent Communications and related companies with MarketBeat.com's FREE daily email newsletter.