Spirent Communications plc (LON:SPT) Insider Paula Bell Buys 70 Shares

Spirent Communications plc (LON:SPT) insider Paula Bell purchased 70 shares of the business’s stock in a transaction dated Tuesday, December 24th. The shares were bought at an average price of GBX 177 ($2.23) per share, with a total value of £123.90 ($155.91).

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

• On Monday, November 25th, Paula Bell acquired 73 shares of Spirent Communications stock. The stock was purchased at an average cost of GBX 171 ($2.15) per share, with a total value of £124.83 ($157.08).
• On Thursday, October 24th, Paula Bell purchased 73 shares of Spirent Communications stock. The stock was acquired at an average price of GBX 172 ($2.16) per share, with a total value of £125.56 ($158.00).

Spirent Communications Stock Down 0.4 %

SPT opened at GBX 177 ($2.23) on Friday. The stock has a market capitalization of £1.01 billion, a price-to-earnings ratio of 8,850.00, a P/E/G ratio of 5.73 and a beta of 0.57. The company has a current ratio of 1.82, a quick ratio of 1.95 and a debt-to-equity ratio of 5.26. Spirent Communications plc has a 1-year low of GBX 102.30 ($1.29) and a 1-year high of GBX 203.80 ($2.56). The business has a 50 day moving average of GBX 173.74 and a 200-day moving average of GBX 175.79.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SPT shares. Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 199 ($2.50) price objective on shares of Spirent Communications in a research note on Monday, December 2nd. JPMorgan Chase & Co. decreased their target price on shares of Spirent Communications from GBX 344 ($4.33) to GBX 321 ($4.04) and set an “overweight” rating for the company in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 225 ($2.83) price target on shares of Spirent Communications in a report on Friday, November 22nd. Finally, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 199 ($2.50) target price on shares of Spirent Communications in a report on Monday, December 2nd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 236.80 ($2.98).

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.