Spirent Communications (LON:SPT) Receives “Speculative Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reissued their speculative buy rating on shares of Spirent Communications (LON:SPT) in a report released on Monday, Marketbeat Ratings reports. Canaccord Genuity Group currently has a GBX 199 ($2.52) price target on the stock.

A number of other research firms also recently issued reports on SPT. JPMorgan Chase & Co. dropped their price target on Spirent Communications from GBX 344 ($4.35) to GBX 321 ($4.06) and set an “overweight” rating on the stock in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 225 ($2.85) target price on shares of Spirent Communications in a research report on Friday, November 22nd.

Spirent Communications Stock Performance

Shares of LON:SPT opened at GBX 177.80 ($2.25) on Monday. 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 firm has a market cap of £1.02 billion, a PE ratio of 8,890.00, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. The firm’s 50 day simple moving average is GBX 171.55 and its 200-day simple moving average is GBX 176.67. Spirent Communications has a one year low of GBX 102.30 ($1.29) and a one year high of GBX 203.80 ($2.58).

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.