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Insider Buying: Spirent Communications plc (LON:SPT) Insider Purchases 70 Shares of Stock

Spirent Communications logo with Computer and Technology background

Spirent Communications plc (LON:SPT - Get Free Report) insider Paula Bell purchased 70 shares of the firm's stock in a transaction dated Tuesday, December 24th. The stock was acquired at an average cost of GBX 177 ($2.23) per share, for a total transaction of £123.90 ($155.91).

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

  • On Monday, November 25th, Paula Bell purchased 73 shares of Spirent Communications stock. The shares were bought at an average price of GBX 171 ($2.15) per share, with a total value of £124.83 ($157.08).
  • On Thursday, October 24th, Paula Bell acquired 73 shares of Spirent Communications stock. The stock was bought at an average price of GBX 172 ($2.16) per share, for a total transaction of £125.56 ($158.00).

Spirent Communications Stock Performance

Shares of SPT stock traded down GBX 0.70 ($0.01) during midday trading on Friday, hitting GBX 177 ($2.23). The company had a trading volume of 223,192 shares, compared to its average volume of 3,636,269. The stock has a market cap 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. 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 company's 50 day simple moving average is GBX 173.74 and its 200 day simple moving average is GBX 175.79. Spirent Communications plc has a 52-week low of GBX 102.30 ($1.29) and a 52-week high of GBX 203.80 ($2.56).

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Spirent Communications from GBX 344 ($4.33) to GBX 321 ($4.04) and set an "overweight" rating for the company in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 225 ($2.83) price target on shares of Spirent Communications in a research note on Friday, November 22nd. Canaccord Genuity Group reissued a "speculative buy" rating and issued a GBX 199 ($2.50) price objective on shares of Spirent Communications in a research note on Monday, December 2nd. Finally, Canaccord Genuity Group reiterated a "speculative buy" rating and set a GBX 199 ($2.50) target price on shares of Spirent Communications in a report on Monday, December 2nd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of GBX 236.80 ($2.98).

Get Our Latest Research Report on SPT

About Spirent Communications

(Get Free Report)

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.

See Also

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