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

Spirent Communications plc (LON:SPT) insider Paula Bell bought 73 shares of the 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 acquired 70 shares of Spirent Communications stock. The shares were bought at an average price of GBX 178 ($2.31) per share, with a total value of £124.60 ($161.78).

Spirent Communications Stock Down 2.3 %

SPT opened at GBX 168.02 ($2.18) on Friday. The stock’s 50 day moving average price is GBX 174.05 and its 200 day moving average price is GBX 181. The company has a debt-to-equity ratio of 5.26, a current ratio of 1.82 and a quick ratio of 1.95. The stock has a market cap of £960.83 million, a P/E ratio of 8,600.00, a P/E/G ratio of 5.73 and a beta of 0.57. Spirent Communications plc has a 12 month low of GBX 88.70 ($1.15) and a 12 month high of GBX 203.80 ($2.65).

Analysts Set New Price Targets

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

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.