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

Spirent Communications (LON:SPT)‘s stock had its “speculative buy” rating restated by equities research analysts at Canaccord Genuity Group in a research report issued on Monday, MarketBeat Ratings reports. They presently have a GBX 199 ($2.52) price target on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 11.80% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. dropped their target price on Spirent Communications from GBX 344 ($4.36) to GBX 321 ($4.07) and set an “overweight” rating for the company in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 225 ($2.85) price objective on shares of Spirent Communications in a research report on Friday, November 22nd.

Spirent Communications Price Performance

Spirent Communications stock opened at GBX 178 ($2.26) on Monday. The company has a current ratio of 1.82, a quick ratio of 1.95 and a debt-to-equity ratio of 5.26. The company has a market capitalization of £1.02 billion, a PE ratio of 8,865.00, a P/E/G ratio of 5.73 and a beta of 0.57. Spirent Communications has a 12 month low of GBX 102.30 ($1.30) and a 12 month high of GBX 203.80 ($2.58). The stock has a 50-day moving average price of GBX 171.69 and a two-hundred day moving average price of GBX 176.58.

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.