Spirent Communications plc (LON:SPT) Insider Buys £124.80 in Stock

Spirent Communications plc (LON:SPT) insider Paula Bell bought 64 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were acquired at an average price of GBX 195 ($2.41) per share, with a total value of £124.80 ($154.15).

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

• On Monday, March 11th, Paula Bell sold 26,889 shares of Spirent Communications stock. The shares were sold at an average price of GBX 176 ($2.17), for a total transaction of £47,324.64 ($58,454.35).
• On Tuesday, February 27th, Paula Bell purchased 112 shares of Spirent Communications stock. The shares were purchased at an average cost of GBX 112 ($1.38) per share, for a total transaction of £125.44 ($154.94).

Spirent Communications Price Performance

SPT stock opened at GBX 194.70 ($2.40) on Friday. Spirent Communications plc has a one year low of GBX 79.75 ($0.99) and a one year high of GBX 203.80 ($2.52). The company’s fifty day moving average price is GBX 170.59 and its 200-day moving average price is GBX 131.88. The company has a debt-to-equity ratio of 5.70, a quick ratio of 1.95 and a current ratio of 1.93. The company has a market capitalization of £1.11 billion, a PE ratio of 6,490.00, a price-to-earnings-growth ratio of 5.73 and a beta of 0.53.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SPT shares. Numis Securities lifted their price target on shares of Spirent Communications from GBX 155 ($1.91) to GBX 240 ($2.96) and gave the company a “buy” rating in a report on Friday, March 8th. Canaccord Genuity Group lifted their price target on shares of Spirent Communications from GBX 172.50 ($2.13) to GBX 199 ($2.46) and gave the company a “hold” rating in a report on Wednesday, April 10th.

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.