Spirent Communications plc (LON:SPT) Insider Purchases £124.83 in Stock

Spirent Communications plc (LON:SPT) insider Paula Bell acquired 73 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were bought at an average cost of GBX 171 ($2.17) per share, with a total value of £124.83 ($158.25).

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

• On Thursday, October 24th, Paula Bell acquired 73 shares of Spirent Communications stock. The stock was purchased at an average cost of GBX 172 ($2.18) per share, with a total value of £125.56 ($159.18).

Spirent Communications Stock Performance

Shares of Spirent Communications stock opened at GBX 170.50 ($2.16) on Thursday. The business has a 50-day simple moving average of GBX 171.60 and a 200-day simple moving average of GBX 177.08. The company has a debt-to-equity ratio of 5.26, a quick ratio of 1.95 and a current ratio of 1.82. Spirent Communications plc has a one year low of GBX 102.30 ($1.30) and a one year high of GBX 203.80 ($2.58). The company has a market cap of £975.00 million, a PE ratio of 8,530.00, a P/E/G ratio of 5.73 and a beta of 0.57.

Analysts Set New Price Targets

Several equities analysts have weighed in on SPT shares. Canaccord Genuity Group raised Spirent Communications to a “speculative buy” rating and set a GBX 199 ($2.52) target price for the company in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 225 ($2.85) price target on shares of Spirent Communications in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Spirent Communications from GBX 344 ($4.36) to GBX 321 ($4.07) and set an “overweight” rating for the company in a research note on Monday, September 16th.

About Spirent Communications

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.