Insider Buying: Spirent Communications Plc (SPT) Insider Acquires 244 Shares of Stock

Spirent Communications Plc (LON:SPT) insider Eric G. Hutchinson purchased 244 shares of the business’s stock in a transaction on Wednesday, December 27th. The stock was bought at an average cost of GBX 103 ($1.40) per share, with a total value of £251.32 ($340.82).

Shares of Spirent Communications Plc (LON:SPT) opened at GBX 101.80 ($1.38) on Friday. Spirent Communications Plc has a 1 year low of GBX 1.15 ($0.02) and a 1 year high of GBX 130.25 ($1.77). The firm has a market capitalization of $615.74 and a P/E ratio of -2,545.00.

Several brokerages have recently weighed in on SPT. Goldman Sachs Group reiterated a “neutral” rating and issued a GBX 110 ($1.49) price objective on shares of Spirent Communications in a research note on Thursday, September 14th. Liberum Capital reissued a “buy” rating and issued a GBX 134 ($1.82) target price on shares of Spirent Communications in a report on Friday, November 10th. Finally, Berenberg Bank reiterated a “hold” rating on shares of Spirent Communications in a research report on Monday, November 20th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 125.90 ($1.71).

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Spirent Communications Company Profile

Spirent Communications plc enables service provider networks, data centers, enterprise information technology (IT), mobile communications, connected vehicles or the Internet of Things to communicate and collaborate. The Company’s segments include Networks & Applications, Wireless & Service Positioning and Service Assurance.

Insider Buying and Selling by Quarter for Spirent Communications (LON:SPT)

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