Spirent Communications plc (LON:SPT) Insider Purchases £125.58 in Stock

Spirent Communications plc (LON:SPT) insider Paula Bell acquired 69 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was purchased at an average cost of GBX 182 ($2.27) per share, for a total transaction of £125.58 ($156.35).

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

• On Tuesday, December 24th, Paula Bell bought 70 shares of Spirent Communications stock. The stock was purchased at an average price of GBX 177 ($2.20) per share, with a total value of £123.90 ($154.26).
• On Monday, November 25th, Paula Bell purchased 73 shares of Spirent Communications stock. The shares were acquired at an average cost of GBX 171 ($2.13) per share, for a total transaction of £124.83 ($155.42).

Spirent Communications Stock Performance

Shares of SPT opened at GBX 181 ($2.25) on Thursday. 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 50-day moving average of GBX 176.54 and a two-hundred day moving average of GBX 174.75. The stock has a market cap of £1.04 billion, a P/E ratio of 9,050.00, a P/E/G ratio of 5.73 and a beta of 0.57. Spirent Communications plc has a one year low of GBX 102.30 ($1.27) and a one year high of GBX 203.80 ($2.54).

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SPT. Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 199 ($2.48) target price on shares of Spirent Communications in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 225 ($2.80) price target on shares of Spirent Communications in a report on Friday, November 22nd. Finally, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 199 ($2.48) price objective on shares of Spirent Communications in a report on Monday, December 2nd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Spirent Communications has a consensus rating of “Buy” and a consensus target price of GBX 236.80 ($2.95).

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.