Paula Bell Acquires 67 Shares of Spirent Communications plc (LON:SPT) Stock

Spirent Communications plc (LON:SPT) insider Paula Bell acquired 67 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price of GBX 187 ($2.36) per share, with a total value of £125.29 ($158.11).

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

• On Friday, January 24th, Paula Bell bought 69 shares of Spirent Communications stock. The shares were acquired at an average cost of GBX 182 ($2.30) per share, for a total transaction of £125.58 ($158.48).
• On Tuesday, December 24th, Paula Bell purchased 70 shares of Spirent Communications stock. The stock was acquired at an average cost of GBX 177 ($2.23) per share, with a total value of £123.90 ($156.36).

Spirent Communications Stock Down 0.3 %

SPT stock traded down GBX 0.50 ($0.01) on Tuesday, hitting GBX 187 ($2.36). 777,321 shares of the company’s stock were exchanged, compared to its average volume of 1,389,144. The firm has a 50 day moving average price of GBX 180.11 and a two-hundred day moving average price of GBX 175.92. Spirent Communications plc has a 12-month low of GBX 102.30 ($1.29) and a 12-month high of GBX 203.80 ($2.57). The stock has a market cap of £1.34 billion, a P/E ratio of 101.09, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. The company has a debt-to-equity ratio of 5.25, a quick ratio of 1.95 and a current ratio of 1.82.

Analysts Set New Price Targets

A number of brokerages recently commented on SPT. Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 199 ($2.51) price objective on shares of Spirent Communications in a research note on Monday, December 2nd. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 199 ($2.51) target price on shares of Spirent Communications in a research note on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 225 ($2.84) target price on shares of Spirent Communications in a report on Friday, November 22nd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 236.80 ($2.99).

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.