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

Spirent Communications (LON:SPT)‘s stock had its “speculative buy” rating reissued by equities researchers at Canaccord Genuity Group in a report released on Tuesday,Digital Look reports. They presently have a GBX 199 ($2.57) price target on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 5.63% from the company’s current price.

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

Spirent Communications Stock Performance

Shares of SPT traded down GBX 0.10 ($0.00) during trading hours on Tuesday, reaching GBX 188.40 ($2.43). 6,425,967 shares of the company’s stock traded hands, compared to its average volume of 2,167,212. Spirent Communications has a twelve month low of GBX 166.20 ($2.15) and a twelve month high of GBX 200 ($2.58). The business’s fifty day simple moving average is GBX 186.17 and its two-hundred day simple moving average is GBX 178.09. 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 has a market capitalization of £1.35 billion, a price-to-earnings ratio of 101.84, a P/E/G ratio of 5.73 and a beta of 0.57.

Insider Buying and Selling

In other news, insider Eric Updyke sold 55,054 shares of the firm’s stock in a transaction 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 ($133,722.89). Also, insider Paula Bell sold 131,650 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of GBX 188 ($2.43), for a total value of £247,502 ($319,770.03). Insiders have bought a total of 202 shares of company stock valued at $37,495 over the last three months. Company 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.