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

Spirent Communications plc (LON:SPT) insider Paula Bell bought 64 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was bought at an average cost 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 bought 112 shares of Spirent Communications stock. The stock was bought at an average cost of GBX 112 ($1.38) per share, with a total value of £125.44 ($154.94).

Spirent Communications Trading Up 0.2 %

Shares of SPT opened at GBX 195 ($2.41) on Friday. The company has a debt-to-equity ratio of 5.70, a current ratio of 1.93 and a quick ratio of 1.95. The firm has a 50 day simple moving average of GBX 167.39 and a 200-day simple moving average of GBX 130.73. Spirent Communications plc has a 1-year low of GBX 79.75 ($0.99) and a 1-year high of GBX 203.80 ($2.52). The stock has a market cap of £1.12 billion, a price-to-earnings ratio of 6,488.20, a price-to-earnings-growth ratio of 5.73 and a beta of 0.53.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Canaccord Genuity Group increased their target price 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. Numis Securities increased their target price 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.

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.