Spirent Communications (LON:SPT) Earns Speculative Buy Rating from Canaccord Genuity Group

Spirent Communications (LON:SPT)‘s stock had its “speculative buy” rating reissued by investment analysts at Canaccord Genuity Group in a research report issued on Thursday, MarketBeat reports. They presently have a GBX 199 ($2.42) target price on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 12.81% from the company’s previous close.

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

Spirent Communications Stock Performance

LON SPT opened at GBX 176.40 ($2.15) on Thursday. The company’s fifty day simple moving average is GBX 175.03 and its 200-day simple moving average is GBX 174.87. The stock has a market cap of £1.01 billion, a P/E ratio of 8,820.00, a PEG 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). The company has a current ratio of 1.82, a quick ratio of 1.95 and a debt-to-equity ratio of 5.26.

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.