Insider Buying: Spirent Communications plc (LON:SPT) Insider Acquires £124.08 in Stock

Spirent Communications plc (LON:SPT) insider Paula Bell bought 66 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was purchased at an average cost of GBX 188 ($2.43) per share, for a total transaction of £124.08 ($160.64).

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

• On Tuesday, March 18th, Paula Bell sold 131,650 shares of Spirent Communications stock. The stock was sold at an average price of GBX 188 ($2.43), for a total transaction of £247,502 ($320,432.42).
• On Monday, February 24th, Paula Bell acquired 67 shares of Spirent Communications stock. The stock was purchased at an average cost of GBX 187 ($2.42) per share, for a total transaction of £125.29 ($162.21).
• On Friday, January 24th, Paula Bell bought 69 shares of Spirent Communications stock. The shares were acquired at an average price of GBX 182 ($2.36) per share, with a total value of £125.58 ($162.58).

Spirent Communications Stock Performance

Shares of Spirent Communications stock opened at GBX 188.10 ($2.44) on Friday. The company’s 50 day moving average price is GBX 185.70 and its two-hundred day moving average price is GBX 177.87. The firm has a market capitalization of £1.35 billion, a P/E ratio of 101.68, 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 company has a debt-to-equity ratio of 5.25, a current ratio of 1.82 and a quick ratio of 1.95.

Analysts Set New Price Targets

SPT has been the topic of several recent analyst reports. Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 199 ($2.58) price target on shares of Spirent Communications in a report on Thursday, January 16th. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 199 ($2.58) target price on shares of Spirent Communications in a research report on Monday, December 2nd.

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.