Spirent Communications plc (LON:SPT) Insider Buys £123.90 in Stock

Spirent Communications plc (LON:SPT) insider Paula Bell purchased 70 shares of the stock in a transaction on Tuesday, December 24th. The stock was bought at an average price of GBX 177 ($2.23) per share, for a total transaction of £123.90 ($155.91).

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

• On Monday, November 25th, Paula Bell bought 73 shares of Spirent Communications stock. The stock was purchased at an average cost of GBX 171 ($2.15) per share, for a total transaction of £124.83 ($157.08).
• On Thursday, October 24th, Paula Bell purchased 73 shares of Spirent Communications stock. The shares were purchased at an average cost of GBX 172 ($2.16) per share, with a total value of £125.56 ($158.00).

Spirent Communications Trading Down 0.4 %

LON SPT opened at GBX 177 ($2.23) on Friday. The company has a market capitalization of £1.01 billion, a PE ratio of 8,850.00, a P/E/G ratio of 5.73 and a beta of 0.57. Spirent Communications plc has a 12 month low of GBX 102.30 ($1.29) and a 12 month high of GBX 203.80 ($2.56). The stock has a 50-day simple moving average of GBX 173.74 and a 200 day simple moving average of GBX 175.79. The company has a current ratio of 1.82, a quick ratio of 1.95 and a debt-to-equity ratio of 5.26.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SPT. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 199 ($2.50) target price on shares of Spirent Communications in a research note on Monday, December 2nd. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 199 ($2.50) price objective on shares of Spirent Communications in a research report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 225 ($2.83) target price on shares of Spirent Communications in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Spirent Communications from GBX 344 ($4.33) to GBX 321 ($4.04) and set an “overweight” rating for the company in a research report on Monday, September 16th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 236.80 ($2.98).

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.