Spirent Communications plc (LON:SPT) Insider Acquires £125.29 in Stock

Spirent Communications plc (LON:SPT) insider Paula Bell acquired 67 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of GBX 187 ($2.36) per share, with a total value of £125.29 ($157.92).

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

• On Friday, January 24th, Paula Bell bought 69 shares of Spirent Communications stock. The stock was bought at an average cost of GBX 182 ($2.29) per share, for a total transaction of £125.58 ($158.28).
• On Tuesday, December 24th, Paula Bell purchased 70 shares of Spirent Communications stock. The shares were bought at an average cost of GBX 177 ($2.23) per share, with a total value of £123.90 ($156.16).

Spirent Communications Price Performance

Shares of LON:SPT opened at GBX 186 ($2.34) on Friday. The company has a market cap of £1.34 billion, a P/E ratio of 100.55, a P/E/G ratio of 5.73 and a beta of 0.57. The business has a fifty day simple moving average of GBX 180.59 and a 200-day simple moving average of GBX 176.13. Spirent Communications plc has a 52 week low of GBX 102.30 ($1.29) and a 52 week high of GBX 203.80 ($2.57). The company has a quick ratio of 1.95, a current ratio of 1.82 and a debt-to-equity ratio of 5.25.

Analysts Set New Price Targets

SPT has been the topic of several recent research reports. Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 199 ($2.51) price objective on shares of Spirent Communications in a research report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 225 ($2.84) target price on shares of Spirent Communications in a report on Friday, November 22nd. Finally, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 199 ($2.51) price target on shares of Spirent Communications in a report on Thursday, January 16th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 236.80 ($2.98).

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.