Insider Buying: Spirent Communications plc (LON:SPT) Insider Purchases £123.90 in Stock

Spirent Communications plc (LON:SPT) insider Paula Bell bought 70 shares of Spirent Communications stock in a transaction on Tuesday, December 24th. The stock was acquired at an average cost of GBX 177 ($2.23) per share, with a total value of £123.90 ($155.87).

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 cost of GBX 171 ($2.15) per share, with a total value of £124.83 ($157.04).
• On Thursday, October 24th, Paula Bell acquired 73 shares of Spirent Communications stock. The stock was purchased at an average cost of GBX 172 ($2.16) per share, with a total value of £125.56 ($157.96).

Spirent Communications Stock Down 0.4 %

Spirent Communications stock opened at GBX 177 ($2.23) on Monday. The company has a debt-to-equity ratio of 5.26, a current ratio of 1.82 and a quick ratio of 1.95. The stock has a market capitalization of £1.01 billion, a price-to-earnings ratio of 8,850.00, a PEG ratio of 5.73 and a beta of 0.57. Spirent Communications plc has a 1-year low of GBX 102.30 ($1.29) and a 1-year high of GBX 203.80 ($2.56). The business has a fifty day moving average price of GBX 173.74 and a 200-day moving average price of GBX 175.79.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on Spirent Communications from GBX 344 ($4.33) to GBX 321 ($4.04) and set an “overweight” rating on the stock in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 225 ($2.83) price objective on shares of Spirent Communications in a research report on Friday, November 22nd. Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 199 ($2.50) price objective on shares of Spirent Communications in a report on Monday, December 2nd. Finally, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 199 ($2.50) price objective on shares of Spirent Communications in a report on Monday, December 2nd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Spirent Communications presently has an average rating of “Buy” and an average price target of GBX 236.80 ($2.98).

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.