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 note released on Tuesday, MarketBeat reports. The firm currently has a GBX 199 ($2.57) price objective on the stock.

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 199 ($2.57) price target on shares of Spirent Communications in a research note on Monday, December 2nd.

Spirent Communications Trading Down 0.1 %

Spirent Communications stock opened at GBX 188.40 ($2.44) on Tuesday. The company has a debt-to-equity ratio of 5.25, a current ratio of 1.82 and a quick ratio of 1.95. The firm’s 50 day moving average price is GBX 186.38 and its 200-day moving average price is GBX 178.21. Spirent Communications has a 1 year low of GBX 166.20 ($2.15) and a 1 year high of GBX 200 ($2.59). The stock has a market cap of £1.35 billion, a P/E ratio of 101.84, a PEG ratio of 5.73 and a beta of 0.57.

Insider Transactions at Spirent Communications

In other Spirent Communications news, insider Eric Updyke sold 55,054 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of GBX 188 ($2.43), for a total transaction of £103,501.52 ($133,809.33). Also, insider Paula Bell sold 131,650 shares of the firm’s 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 value of £247,502 ($319,976.73). Insiders have bought 202 shares of company stock valued at $37,495 in the last ninety days. Corporate insiders own 3.34% of the company’s stock.

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.