Canaccord Genuity Group Reiterates Speculative Buy Rating for Spirent Communications (LON:SPT)

Canaccord Genuity Group restated their speculative buy rating on shares of Spirent Communications (LON:SPT) in a research note released on Thursday morning, Marketbeat.com reports. The firm currently has a GBX 199 ($2.43) price objective on the stock.

SPT has been the subject of a number of other research reports. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 199 ($2.43) price objective on shares of Spirent Communications in a research report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 225 ($2.75) price target on shares of Spirent Communications in a research report on Friday, November 22nd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 236.80 ($2.90).

Spirent Communications Trading Up 0.3 %

LON SPT opened at GBX 177 ($2.17) on Thursday. The company has a debt-to-equity ratio of 5.26, a current ratio of 1.82 and a quick ratio of 1.95. The stock has a market capitalization of £1.01 billion, a P/E ratio of 8,850.00, a PEG ratio of 5.73 and a beta of 0.57. The firm’s 50-day moving average is GBX 174.92 and its two-hundred day moving average is GBX 174.86. Spirent Communications has a 12 month low of GBX 102.30 ($1.25) and a 12 month high of GBX 203.80 ($2.49).

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.