Paula Bell Acquires 73 Shares of Spirent Communications plc (LON:SPT) Stock

Spirent Communications plc (LON:SPT) insider Paula Bell purchased 73 shares of Spirent Communications stock in a transaction that occurred on Thursday, October 24th. The stock was acquired at an average cost of GBX 172 ($2.23) per share, with a total value of £125.56 ($163.02).

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

• On Tuesday, August 27th, Paula Bell acquired 70 shares of Spirent Communications stock. The shares were purchased at an average cost of GBX 178 ($2.31) per share, for a total transaction of £124.60 ($161.78).

Spirent Communications Price Performance

Shares of LON SPT opened at GBX 167.54 ($2.18) on Monday. The stock has a market cap of £958.05 million, a PE ratio of 8,376.80, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. Spirent Communications plc has a fifty-two week low of GBX 88.70 ($1.15) and a fifty-two week high of GBX 203.80 ($2.65). The company has a debt-to-equity ratio of 5.26, a quick ratio of 1.95 and a current ratio of 1.82. The stock has a fifty day moving average of GBX 173.88 and a 200-day moving average of GBX 180.68.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SPT. JPMorgan Chase & Co. cut their target price on Spirent Communications from GBX 344 ($4.47) to GBX 321 ($4.17) and set an “overweight” rating on the stock in a research note on Monday, September 16th. Canaccord Genuity Group upgraded Spirent Communications to a “speculative buy” rating and set a GBX 199 ($2.58) price target for the company in a research report on Wednesday, August 7th.

Spirent Communications Company Profile

Spirent Communications plc provides automated test and assurance solutions in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates through Lifecycle Service Assurance, and Networks & Security segments. The Lifecycle Service Assurance segment offers lab-based testing solutions for 5G mobile core networks, and cellular and Wi-Fi devices, as well as live solutions.