Spirent Communications (LON:SPT) Given “Speculative Buy” Rating at Canaccord Genuity Group

Spirent Communications (LON:SPT)‘s stock had its “speculative buy” rating reaffirmed by Canaccord Genuity Group in a research note issued on Monday, MarketBeat Ratings reports. They presently have a GBX 199 ($2.52) price objective on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 11.92% from the stock’s previous close.

A number of other research analysts also recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Spirent Communications from GBX 344 ($4.35) to GBX 321 ($4.06) and set an “overweight” rating on the stock in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 225 ($2.85) price target on shares of Spirent Communications in a research note on Friday, November 22nd.

Spirent Communications Trading Up 3.8 %

SPT traded up GBX 6.50 ($0.08) on Monday, hitting GBX 177.80 ($2.25). 2,762,061 shares of the company were exchanged, compared to its average volume of 3,829,494. Spirent Communications has a 12 month low of GBX 102.30 ($1.29) and a 12 month high of GBX 203.80 ($2.58). The stock has a market capitalization of £1.02 billion, a PE ratio of 8,999.50, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. The company has a debt-to-equity ratio of 5.26, a quick ratio of 1.95 and a current ratio of 1.82. The firm has a fifty day simple moving average of GBX 171.55 and a two-hundred day simple moving average of GBX 176.67.

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.