Insider Buying: Spirent Communications plc (LON:SPT) Insider Buys 73 Shares of Stock

Spirent Communications plc (LON:SPT) insider Paula Bell bought 73 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were acquired at an average price of GBX 171 ($2.15) per share, for a total transaction of £124.83 ($156.78).

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

• On Thursday, October 24th, Paula Bell purchased 73 shares of Spirent Communications stock. The shares were purchased at an average price of GBX 172 ($2.16) per share, for a total transaction of £125.56 ($157.70).

Spirent Communications Stock Down 1.2 %

Shares of LON SPT traded down GBX 2.01 ($0.03) during midday trading on Tuesday, reaching GBX 171.59 ($2.16). 172,377 shares of the company’s stock traded hands, compared to its average volume of 3,849,736. The company has a quick ratio of 1.95, a current ratio of 1.82 and a debt-to-equity ratio of 5.26. The stock’s 50 day simple moving average is GBX 171.63 and its 200-day simple moving average is GBX 177.22. Spirent Communications plc has a one year low of GBX 102.30 ($1.28) and a one year high of GBX 203.80 ($2.56). The company has a market cap of £981.21 million, a price-to-earnings ratio of 8,680.00, a P/E/G ratio of 5.73 and a beta of 0.57.

Analysts Set New Price Targets

Several equities analysts recently commented on SPT shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 225 ($2.83) price target on shares of Spirent Communications in a report on Friday. Canaccord Genuity Group upgraded shares of Spirent Communications to a “speculative buy” rating and set a GBX 199 ($2.50) target price on the stock in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Spirent Communications from GBX 344 ($4.32) to GBX 321 ($4.03) and set an “overweight” rating on the stock in a research note on Monday, September 16th.

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.