Spirent Communications plc (LON:SPT) Insider Eric Updyke Sells 55,054 Shares

Spirent Communications plc (LON:SPT) insider Eric Updyke sold 55,054 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of GBX 188 ($2.43), for a total value of £103,501.52 ($133,878.57).

Spirent Communications Price Performance

Shares of LON SPT opened at GBX 188.80 ($2.44) on Friday. Spirent Communications plc has a fifty-two week low of GBX 166.20 ($2.15) and a fifty-two week high of GBX 203.80 ($2.64). The business has a 50 day moving average price of GBX 182.88 and a two-hundred day moving average price of GBX 177.02. The company has a quick ratio of 1.95, a current ratio of 1.82 and a debt-to-equity ratio of 5.25. The firm has a market cap of £1.36 billion, a PE ratio of 102.06, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 199 ($2.57) target price on shares of Spirent Communications in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 225 ($2.91) target price on shares of Spirent Communications in a research note on Friday, November 22nd. Finally, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 199 ($2.57) target price on shares of Spirent Communications in a research note on Monday, December 2nd.

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.