Spirent Communications plc (LON:SPT) Insider Acquires £125.28 in Stock

Spirent Communications plc (LON:SPT) insider Paula Bell acquired 72 shares of the stock in a transaction dated Wednesday, July 24th. The stock was bought at an average cost of GBX 174 ($2.25) per share, with a total value of £125.28 ($162.03).

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

• On Monday, June 24th, Paula Bell purchased 68 shares of Spirent Communications stock. The shares were purchased at an average cost of GBX 185 ($2.39) per share, for a total transaction of £125.80 ($162.70).
• On Friday, May 24th, Paula Bell acquired 67 shares of Spirent Communications stock. The stock was purchased at an average cost of GBX 186 ($2.41) per share, with a total value of £124.62 ($161.17).

Spirent Communications Price Performance

SPT opened at GBX 173.90 ($2.25) on Friday. The company has a market capitalization of £994.45 million, a price-to-earnings ratio of 5,796.67, a PEG ratio of 5.73 and a beta of 0.54. The firm has a 50-day moving average price of GBX 182.48 and a 200-day moving average price of GBX 166.94. Spirent Communications plc has a twelve month low of GBX 79.75 ($1.03) and a twelve month high of GBX 203.80 ($2.64). The company has a quick ratio of 1.95, a current ratio of 1.93 and a debt-to-equity ratio of 5.70.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their target price on Spirent Communications from GBX 172.50 ($2.23) to GBX 199 ($2.57) and gave the stock a “hold” rating in a research note on Wednesday, April 10th.

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.