Spirent Communications (LON:SPT) Receives Speculative Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group restated their speculative buy rating on shares of Spirent Communications (LON:SPT) in a research note issued to investors on Tuesday morning, MarketBeat reports. Canaccord Genuity Group currently has a GBX 199 ($2.61) price objective on the stock.

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 199 ($2.61) target price on shares of Spirent Communications in a research note on Monday, December 2nd.

Spirent Communications Trading Down 0.1 %

Shares of LON:SPT opened at GBX 190 ($2.49) on Tuesday. The company has a debt-to-equity ratio of 5.25, a current ratio of 1.82 and a quick ratio of 1.95. Spirent Communications has a 1 year low of GBX 166.20 ($2.18) and a 1 year high of GBX 200 ($2.62). The company has a market cap of £1.36 billion, a P/E ratio of 102.71, a PEG ratio of 5.73 and a beta of 0.57. The stock’s fifty day moving average price is GBX 186.79 and its 200-day moving average price is GBX 178.43.

Insider Buying and Selling

In other Spirent Communications news, insider Paula Bell sold 131,650 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of GBX 188 ($2.46), for a total value of £247,502 ($324,295.07). Also, insider Eric Updyke sold 55,054 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of GBX 188 ($2.46), for a total transaction of £103,501.52 ($135,615.20). Insiders bought 202 shares of company stock valued at $37,495 over the last 90 days. Company insiders own 3.34% of the company’s stock.

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.