Shares of Spirent Communications Plc (LON:SPT) have been assigned a consensus rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 177.80 ($2.32).
Several equities research analysts have recently weighed in on the stock. Deutsche Bank reaffirmed a “hold” rating on shares of Spirent Communications in a research report on Monday, July 8th. UBS Group reissued a “neutral” rating on shares of Spirent Communications in a research note on Monday, July 29th. Barclays raised their price objective on shares of Spirent Communications from GBX 153 ($2.00) to GBX 159 ($2.08) and gave the company an “equal weight” rating in a research note on Tuesday, August 6th. Finally, Liberum Capital raised their price objective on shares of Spirent Communications from GBX 185 ($2.42) to GBX 210 ($2.74) and gave the company a “buy” rating in a research note on Wednesday, September 4th.
Shares of SPT stock traded up GBX 2.50 ($0.03) during trading hours on Friday, reaching GBX 203.50 ($2.66). 21,450,695 shares of the stock were exchanged, compared to its average volume of 1,290,000. Spirent Communications has a 12-month low of GBX 110.80 ($1.45) and a 12-month high of GBX 201 ($2.63). The company has a current ratio of 2.08, a quick ratio of 1.87 and a debt-to-equity ratio of 9.34. The company’s 50-day moving average price is GBX 177.91 and its 200-day moving average price is GBX 159.57. The firm has a market capitalization of $1.24 billion and a price-to-earnings ratio of 21.65.
The business also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 8th were given a dividend of GBX 1.59 ($0.02) per share. The ex-dividend date was Thursday, August 8th. This represents a dividend yield of 0.97%. Spirent Communications’s dividend payout ratio is presently 0.43%.
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.
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