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

Canaccord Genuity Group reissued their speculative buy rating on shares of Spirent Communications (LON:SPT) in a research report released on Tuesday, MarketBeat.com reports. The firm currently has a GBX 199 ($2.57) price target on the stock.

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

Spirent Communications Trading Down 0.1 %

LON:SPT opened at GBX 188.40 ($2.44) on Tuesday. The company has a market cap of £1.35 billion, a PE ratio of 101.84, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. The company has a current ratio of 1.82, a quick ratio of 1.95 and a debt-to-equity ratio of 5.25. The company has a 50 day simple moving average of GBX 186.38 and a two-hundred day simple moving average of GBX 178.21. Spirent Communications has a 12 month low of GBX 166.20 ($2.15) and a 12 month high of GBX 200 ($2.59).

Insider Buying and Selling at Spirent Communications

In other Spirent Communications news, insider Eric Updyke sold 55,054 shares of the business’s stock in a transaction dated 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 dated Tuesday, March 18th. The stock was sold at an average price of GBX 188 ($2.43), for a total value of £247,502 ($319,976.73). Over the last ninety days, insiders acquired 202 shares of company stock valued at $37,495. 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.