Insider Buying: Spirent Communications plc (LON:SPT) Insider Purchases 70 Shares of Stock

Spirent Communications plc (LON:SPT) insider Paula Bell bought 70 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The shares were bought at an average price of GBX 177 ($2.22) per share, for a total transaction of £123.90 ($155.26).

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 ($2.14) per share, with a total value of £124.83 ($156.43).
• On Thursday, October 24th, Paula Bell acquired 73 shares of Spirent Communications stock. The stock was acquired at an average price of GBX 172 ($2.16) per share, for a total transaction of £125.56 ($157.34).

Spirent Communications Trading Down 0.4 %

SPT traded down GBX 0.70 ($0.01) during midday trading on Friday, hitting GBX 177 ($2.22). 88,681 shares of the company were exchanged, compared to its average volume of 3,635,735. The firm has a market capitalization of £1.01 billion, a P/E ratio of 8,850.00, a P/E/G ratio of 5.73 and a beta of 0.57. The firm’s 50 day moving average price is GBX 173.70 and its 200-day moving average price is GBX 175.79. The company has a quick ratio of 1.95, a current ratio of 1.82 and a debt-to-equity ratio of 5.26. Spirent Communications plc has a 1-year low of GBX 102.30 ($1.28) and a 1-year high of GBX 203.80 ($2.55).

Analyst Ratings Changes

Several research analysts have weighed in on SPT shares. JPMorgan Chase & Co. lowered their price objective on Spirent Communications from GBX 344 ($4.31) to GBX 321 ($4.02) and set an “overweight” rating on the stock in a research report on Monday, September 16th. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 199 ($2.49) price objective on shares of Spirent Communications in a research note on Monday, December 2nd. Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 199 ($2.49) price objective on shares of Spirent Communications in a report on Monday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 225 ($2.82) target price on shares of Spirent Communications in a report on Friday, November 22nd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 236.80 ($2.97).

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.