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

Spirent Communications (LON:SPT)‘s stock had its “speculative buy” rating reissued by research analysts at Canaccord Genuity Group in a report issued on Thursday,London Stock Exchange reports. They currently have a GBX 199 ($2.44) price target on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 12.81% from the company’s previous close.

A number of other research analysts also recently weighed in on the company. Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 199 ($2.44) target price on shares of Spirent Communications in a 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 equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 236.80 ($2.90).

Spirent Communications Trading Up 1.2 %

Shares of SPT traded up GBX 2.10 ($0.03) during trading hours on Thursday, reaching GBX 176.40 ($2.16). 812,940 shares of the company traded hands, compared to its average volume of 1,695,041. Spirent Communications has a 12 month low of GBX 102.30 ($1.25) and a 12 month high of GBX 203.80 ($2.49). The company has a market capitalization of £1.01 billion, a price-to-earnings ratio of 8,820.00, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. The company’s fifty day moving average price is GBX 174.80 and its two-hundred day moving average price is GBX 174.91. The company has a quick ratio of 1.95, a current ratio of 1.82 and a debt-to-equity ratio of 5.26.

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.