Spirent Communications plc (LON:SPT) Insider Eric Updyke Sells 55,054 Shares of Stock

Spirent Communications plc (LON:SPT) insider Eric Updyke sold 55,054 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of GBX 188 ($2.44), for a total value of £103,501.52 ($134,069.33).

Spirent Communications Stock Down 0.5 %

Shares of Spirent Communications stock opened at GBX 188.50 ($2.44) on Friday. 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 firm has a market cap of £1.35 billion, a P/E ratio of 101.90, a P/E/G ratio of 5.73 and a beta of 0.57. Spirent Communications plc has a fifty-two week low of GBX 166.20 ($2.15) and a fifty-two week high of GBX 203.80 ($2.64). The business has a 50-day moving average price of GBX 182.65 and a 200 day moving average price of GBX 176.94.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 199 ($2.58) price target on shares of Spirent Communications in a research note on Thursday, January 16th. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 199 ($2.58) price target on shares of Spirent Communications in a research note on Monday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 225 ($2.91) price target on shares of Spirent Communications in a research note on Friday, November 22nd.

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.