Canaccord Genuity Group Reaffirms Speculative Buy Rating for Spirent Communications (LON:SPT)

Spirent Communications (LON:SPT - Get Free Report)'s stock had its "speculative buy" rating reaffirmed by analysts at Canaccord Genuity Group in a research note issued on Thursday, MarketBeat Ratings reports. They presently have a GBX 199 ($2.42) target price on the stock. Canaccord Genuity Group's target price points to a potential upside of 12.81% from the stock's current price.

A number of other brokerages have also weighed in on SPT. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 225 ($2.74) price target on shares of Spirent Communications in a research note on Friday, November 22nd. Canaccord Genuity Group reiterated a "speculative buy" rating and issued a GBX 199 ($2.42) target price on shares of Spirent Communications in a research note on Monday, December 2nd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of GBX 236.80 ($2.88).

Spirent Communications Price Performance

Shares of LON:SPT remained flat at GBX 176.40 ($2.15) during trading on Thursday. 1,184,301 shares of the stock were exchanged, compared to its average volume of 1,652,763. The company has a current ratio of 1.82, a quick ratio of 1.95 and a debt-to-equity ratio of 5.26. The firm has a market cap of £1.01 billion, a PE ratio of 8,820.00, a P/E/G ratio of 5.73 and a beta of 0.57. The firm's fifty day moving average is GBX 174.92 and its two-hundred day moving average is GBX 174.86. Spirent Communications has a twelve month low of GBX 102.30 ($1.24) and a twelve month high of GBX 203.80 ($2.48).

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.