Canaccord Genuity Group Reaffirms “Speculative Buy” Rating for Spirent Communications (LON:SPT)

Spirent Communications (LON:SPT)‘s stock had its “speculative buy” rating restated by research analysts at Canaccord Genuity Group in a research note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 199 ($2.57) price objective on the stock. Canaccord Genuity Group’s price target points to a potential upside of 5.63% from the stock’s current price.

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 199 ($2.57) price objective on shares of Spirent Communications in a research report on Monday, December 2nd.

Spirent Communications Stock Down 0.1 %

Shares of SPT traded down GBX 0.10 ($0.00) during mid-day trading on Tuesday, reaching GBX 188.40 ($2.43). The company’s stock had a trading volume of 6,425,967 shares, compared to its average volume of 2,167,212. The company has a market cap of £1.35 billion, a price-to-earnings ratio of 101.84, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. The business has a fifty day moving average of GBX 186.17 and a 200 day moving average of GBX 178.09. The company has a quick ratio of 1.95, a current ratio of 1.82 and a debt-to-equity ratio of 5.25. Spirent Communications has a 1 year low of GBX 166.20 ($2.15) and a 1 year high of GBX 200 ($2.58).

Insider Buying and Selling

In related news, insider Eric Updyke sold 55,054 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of GBX 188 ($2.43), for a total transaction of £103,501.52 ($133,722.89). Also, insider Paula Bell sold 131,650 shares of Spirent Communications stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of GBX 188 ($2.43), for a total transaction of £247,502 ($319,770.03). Over the last ninety days, insiders bought 202 shares of company stock worth $37,495. Corporate insiders own 3.34% of the company’s stock.

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.