Spirent Communications plc (LON:SPT) Insider Buys £124.15 in Stock

Spirent Communications plc (LON:SPT) insider Paula Bell purchased 65 shares of the business’s stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average cost of GBX 191 ($2.57) per share, with a total value of £124.15 ($167.05).

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

• On Monday, March 24th, Paula Bell acquired 66 shares of Spirent Communications stock. The shares were bought at an average cost of GBX 188 ($2.53) per share, for a total transaction of £124.08 ($166.95).
• On Tuesday, March 18th, Paula Bell sold 131,650 shares of Spirent Communications stock. The stock was sold at an average price of GBX 188 ($2.53), for a total value of £247,502 ($333,022.07).

Spirent Communications Stock Down 1.8%

SPT stock opened at GBX 188.60 ($2.54) on Friday. Spirent Communications plc has a one year low of GBX 165 ($2.22) and a one year high of GBX 198.80 ($2.67). The firm has a market cap of £1.35 billion, a PE ratio of 101.95, a PEG ratio of 5.73 and a beta of 0.57. The firm’s 50 day moving average price is GBX 185.29 and its 200-day moving average price is GBX 182.22. The company has a debt-to-equity ratio of 5.25, a quick ratio of 1.95 and a current ratio of 1.82.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 199 ($2.68) price target on shares of Spirent Communications in a research report on Wednesday, May 7th.

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.