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

Spirent Communications plc (LON:SPT) insider Paula Bell purchased 69 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were bought at an average price of GBX 182 ($2.26) per share, for a total transaction of £125.58 ($156.25).

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 bought at an average cost of GBX 177 ($2.20) per share, for a total transaction of £123.90 ($154.16).
• On Monday, November 25th, Paula Bell purchased 73 shares of Spirent Communications stock. The shares were purchased at an average cost of GBX 171 ($2.13) per share, with a total value of £124.83 ($155.32).

Spirent Communications Stock Performance

Shares of SPT opened at GBX 181.10 ($2.25) on Tuesday. 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 firm’s 50 day moving average is GBX 176.19 and its 200-day moving average is GBX 174.75. Spirent Communications plc has a 12-month low of GBX 102.30 ($1.27) and a 12-month high of GBX 203.80 ($2.54). The stock has a market capitalization of £1.04 billion, a P/E ratio of 9,055.00, a P/E/G ratio of 5.73 and a beta of 0.57.

Analyst Ratings Changes

SPT has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 225 ($2.80) price objective on shares of Spirent Communications in a research report on Friday, November 22nd. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 199 ($2.48) target price on shares of Spirent Communications in a research note on Monday, December 2nd. Finally, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 199 ($2.48) price target on shares of Spirent Communications in a research note on Thursday, January 16th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 236.80 ($2.95).

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.