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

Spirent Communications plc (LON:SPT) insider Paula Bell bought 64 shares of Spirent Communications stock in a transaction dated Wednesday, April 24th. The stock was purchased at an average cost of GBX 195 ($2.41) per share, for a total transaction 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 stock was sold at an average price of GBX 176 ($2.17), for a total value of £47,324.64 ($58,454.35).
• On Tuesday, February 27th, Paula Bell bought 112 shares of Spirent Communications stock. The stock was purchased at an average cost of GBX 112 ($1.38) per share, for a total transaction of £125.44 ($154.94).

Spirent Communications Trading Up 0.0 %

SPT traded up GBX 0.05 ($0.00) on Thursday, hitting GBX 194.65 ($2.40). The company had a trading volume of 2,837,579 shares, compared to its average volume of 3,663,709. Spirent Communications plc has a 12-month low of GBX 79.75 ($0.99) and a 12-month high of GBX 203.80 ($2.52). The business’s fifty day simple moving average is GBX 165.77 and its 200 day simple moving average is GBX 130.28. The company has a market cap of £1.11 billion, a PE ratio of 6,486.67, a PEG ratio of 5.73 and a beta of 0.53. The company has a quick ratio of 1.95, a current ratio of 1.93 and a debt-to-equity ratio of 5.70.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Canaccord Genuity Group lifted their target price on Spirent Communications from GBX 172.50 ($2.13) to GBX 199 ($2.46) and gave the stock a “hold” rating in a report on Wednesday, April 10th. Numis Securities lifted their target price on Spirent Communications from GBX 155 ($1.91) to GBX 240 ($2.96) and gave the stock 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.