Insider Buying: Spirent Communications plc (LON:SPT) Insider Acquires 73 Shares of Stock

Spirent Communications plc (LON:SPT) insider Paula Bell bought 73 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was purchased at an average cost of GBX 172 ($2.23) per share, for a total transaction of £125.56 ($163.02).

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

• On Tuesday, August 27th, Paula Bell purchased 70 shares of Spirent Communications stock. The shares were purchased at an average price of GBX 178 ($2.31) per share, with a total value of £124.60 ($161.78).

Spirent Communications Stock Performance

SPT opened at GBX 167.54 ($2.18) on Friday. The company has a debt-to-equity ratio of 5.26, a quick ratio of 1.95 and a current ratio of 1.82. The company has a market cap of £958.05 million, a PE ratio of 8,376.80, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. The stock has a 50-day moving average of GBX 173.88 and a 200-day moving average of GBX 180.79. Spirent Communications plc has a 52-week low of GBX 88.70 ($1.15) and a 52-week high of GBX 203.80 ($2.65).

Analyst Ratings Changes

Several equities analysts recently weighed in on SPT shares. Canaccord Genuity Group raised shares of Spirent Communications to a “speculative buy” rating and set a GBX 199 ($2.58) price objective on the stock in a research report on Wednesday, August 7th. JPMorgan Chase & Co. cut their price target on shares of Spirent Communications from GBX 344 ($4.47) to GBX 321 ($4.17) and set an “overweight” rating on the stock in a report on Monday, September 16th.

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.