Spirent Communications’ (SPT) Speculative Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their speculative buy rating on shares of Spirent Communications (LON:SPT) in a research report report published on Tuesday, MarketBeat reports. Canaccord Genuity Group currently has a GBX 199 ($2.61) price target on the stock.

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

Spirent Communications Trading Down 0.1 %

SPT opened at GBX 190 ($2.49) on Tuesday. The firm has a market capitalization of £1.36 billion, a price-to-earnings ratio of 102.71, a PEG ratio of 5.73 and a beta of 0.57. Spirent Communications has a one year low of GBX 166.20 ($2.18) and a one year high of GBX 200 ($2.62). The business has a 50 day simple moving average of GBX 186.79 and a two-hundred day simple moving average of GBX 178.43. The company has a debt-to-equity ratio of 5.25, a current ratio of 1.82 and a quick ratio of 1.95.

Insider Transactions at Spirent Communications

In other news, insider Eric Updyke sold 55,054 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of GBX 188 ($2.46), for a total value of £103,501.52 ($135,615.20). Also, insider Paula Bell sold 131,650 shares of Spirent Communications stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of GBX 188 ($2.46), for a total value of £247,502 ($324,295.07). Insiders have acquired 202 shares of company stock valued at $37,495 in the last three months. 3.34% of the stock is currently owned by company insiders.

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.