Liberum Capital Raises Spirent Communications (SPT) Price Target to GBX 144

Spirent Communications (LON:SPT) had its price objective boosted by Liberum Capital from GBX 134 ($1.85) to GBX 144 ($1.99) in a research note issued to investors on Friday. Liberum Capital currently has a buy rating on the stock.

SPT has been the topic of several other reports. Berenberg Bank reissued a buy rating on shares of Spirent Communications in a research report on Friday, March 2nd. Barclays reissued an equal weight rating and issued a GBX 100 ($1.38) target price on shares of Spirent Communications in a research report on Friday, January 12th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of GBX 126.80 ($1.75).

Spirent Communications stock opened at GBX 120 ($1.66) on Friday. The firm has a market cap of $735.31 and a P/E ratio of 4,000.00. Spirent Communications has a 1 year low of GBX 1.15 ($0.02) and a 1 year high of GBX 131 ($1.81).

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

In related news, insider Eric G. Hutchinson purchased 244 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The stock was acquired at an average cost of GBX 103 ($1.42) per share, for a total transaction of £251.32 ($347.22). Also, insider Eric G. Hutchinson purchased 246 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were bought at an average price of GBX 102 ($1.41) per share, with a total value of £250.92 ($346.67). Over the last 90 days, insiders have purchased 732 shares of company stock valued at $75,150.

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Spirent Communications Company Profile

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.

Analyst Recommendations for Spirent Communications (LON:SPT)

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