Insider Buying: Spirent Communications plc (LON:SPT) Insider Acquires 67 Shares of Stock

Spirent Communications plc (LON:SPT) insider Paula Bell acquired 67 shares of Spirent Communications stock in a transaction on Monday, February 24th. The shares were bought at an average cost of GBX 187 ($2.36) per share, for a total transaction of £125.29 ($158.11).

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 price of GBX 182 ($2.30) per share, with a total value of £125.58 ($158.48).
• On Tuesday, December 24th, Paula Bell acquired 70 shares of Spirent Communications stock. The shares were purchased at an average price of GBX 177 ($2.23) per share, for a total transaction of £123.90 ($156.36).

Spirent Communications Trading Down 0.3 %

SPT traded down GBX 0.50 ($0.01) on Tuesday, reaching GBX 187 ($2.36). 777,321 shares of the company traded hands, compared to its average volume of 1,389,144. The company has a quick ratio of 1.95, a current ratio of 1.82 and a debt-to-equity ratio of 5.25. The company has a market cap of £1.34 billion, a P/E ratio of 101.09, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. The firm has a fifty day simple moving average of GBX 180.11 and a two-hundred day simple moving average of GBX 175.92. Spirent Communications plc has a one year low of GBX 102.30 ($1.29) and a one year high of GBX 203.80 ($2.57).

Analyst Ratings Changes

A number of equities analysts recently commented on SPT shares. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 199 ($2.51) price target on shares of Spirent Communications in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 225 ($2.84) target price on shares of Spirent Communications in a research report on Friday, November 22nd. Finally, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 199 ($2.51) price target on shares of Spirent Communications in a report on Monday, December 2nd. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 236.80 ($2.99).

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.