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

Canaccord Genuity Group reaffirmed their speculative buy rating on shares of Spirent Communications (LON:SPT) in a research note published on Thursday, Marketbeat reports. Canaccord Genuity Group currently has a GBX 199 ($2.42) price target on the stock.

Several other brokerages have also recently issued reports on SPT. Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 199 ($2.42) target price on shares of Spirent Communications in a report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 225 ($2.74) price target on shares of Spirent Communications in a research note on Friday, November 22nd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 236.80 ($2.88).

Spirent Communications Price Performance

SPT opened at GBX 176.40 ($2.15) on Thursday. The company’s 50-day simple moving average is GBX 175.03 and its two-hundred day simple moving average is GBX 174.87. The company has a debt-to-equity ratio of 5.26, a quick ratio of 1.95 and a current ratio of 1.82. The stock has a market capitalization of £1.01 billion, a P/E ratio of 8,820.00, a P/E/G ratio of 5.73 and a beta of 0.57. Spirent Communications has a 52-week low of GBX 102.30 ($1.24) and a 52-week high of GBX 203.80 ($2.48).

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.