Spirent Communications plc (LON:SPT) Insider Purchases £125.56 in Stock

Spirent Communications plc (LON:SPT) insider Paula Bell acquired 73 shares of Spirent Communications stock in a transaction dated Thursday, October 24th. The shares were bought 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 bought 70 shares of Spirent Communications stock. The shares were bought at an average cost of GBX 178 ($2.31) per share, with a total value of £124.60 ($161.78).

Spirent Communications Price Performance

SPT opened at GBX 167.54 ($2.18) on Friday. The firm has a market capitalization of £958.05 million, a P/E ratio of 8,376.80, a PEG ratio of 5.73 and a beta of 0.57. The stock has a fifty day moving average of GBX 173.88 and a 200-day moving average of GBX 180.91. 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 12-month low of GBX 88.70 ($1.15) and a 12-month high of GBX 203.80 ($2.65).

Analysts Set New Price Targets

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

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.