Paula Bell Purchases 70 Shares of Spirent Communications plc (LON:SPT) Stock

Spirent Communications plc (LON:SPT) insider Paula Bell purchased 70 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was bought at an average price of GBX 177 ($2.22) per share, for a total transaction of £123.90 ($155.26).

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 price of GBX 171 ($2.14) per share, with a total value of £124.83 ($156.43).
• On Thursday, October 24th, Paula Bell purchased 73 shares of Spirent Communications stock. The stock was purchased at an average price of GBX 172 ($2.16) per share, for a total transaction of £125.56 ($157.34).

Spirent Communications Stock Down 0.4 %

LON SPT traded down GBX 0.70 ($0.01) during trading on Friday, hitting GBX 177 ($2.22). The stock had a trading volume of 88,681 shares, compared to its average volume of 3,635,735. The company has a market capitalization of £1.01 billion, a PE ratio of 8,850.00, a P/E/G ratio of 5.73 and a beta of 0.57. Spirent Communications plc has a 12 month low of GBX 102.30 ($1.28) and a 12 month high of GBX 203.80 ($2.55). The company’s 50-day moving average price is GBX 173.70 and its two-hundred day moving average price is GBX 175.79. The company has a debt-to-equity ratio of 5.26, a quick ratio of 1.95 and a current ratio of 1.82.

Analysts Set New Price Targets

Several brokerages have issued reports on SPT. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 225 ($2.82) price objective on shares of Spirent Communications in a research report on Friday, November 22nd. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 199 ($2.49) price objective on shares of Spirent Communications in a research report on Monday, December 2nd. JPMorgan Chase & Co. reduced their target price on shares of Spirent Communications from GBX 344 ($4.31) to GBX 321 ($4.02) and set an “overweight” rating on the stock in a research note on Monday, September 16th. Finally, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 199 ($2.49) price objective on shares of Spirent Communications in a report on Monday, December 2nd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 236.80 ($2.97).

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.