Spirent Communications (LON:SPT) Insider Paula Bell Purchases 63 Shares

Key Points

• Insider Paula Bell of Spirent Communications purchased 63 shares at an average price of GBX 197 per share, totaling £124.11, indicating confidence in the company's stock.
• Spirent Communications' stock has a market capitalization of £1.41 billion and a recent P/E ratio of 106.28, reflecting a potentially high valuation.
• Canaccord Genuity downgraded Spirent Communications to a "hold" rating with a price target of GBX 199, while the consensus target price remains at GBX 236, indicating mixed analyst outlooks.

Spirent Communications plc (LON:SPT - Get Free Report) insider Paula Bell acquired 63 shares of the business's stock in a transaction on Tuesday, August 26th. The stock was acquired at an average cost of GBX 197 per share, for a total transaction of £124.11.

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

• On Tuesday, June 24th, Paula Bell purchased 65 shares of Spirent Communications stock. The stock was bought at an average cost of GBX 192 per share, for a total transaction of £124.80.

Spirent Communications Stock Up 0.1%

Shares of LON:SPT traded up GBX 0.20 during trading on Tuesday, hitting GBX 195.60. The company's stock had a trading volume of 4,079,597 shares, compared to its average volume of 2,275,957. The company has a market capitalization of £1.13 billion, a PE ratio of 8,810.81, a P/E/G ratio of 5.73 and a beta of 0.57. The business has a 50 day moving average price of GBX 194.88 and a two-hundred day moving average price of GBX 189.92. Spirent Communications plc has a fifty-two week low of GBX 165 and a fifty-two week high of GBX 200. 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

Separately, Canaccord Genuity Group cut shares of Spirent Communications to a "hold" rating and set a GBX 199 target price for the company. in a report on Monday, August 18th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Spirent Communications currently has a consensus rating of "Moderate Buy" and an average price target of GBX 236.

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.