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

Canaccord Genuity Group reissued their speculative buy rating on shares of Spirent Communications (LON:SPT - Free Report) in a research report released on Tuesday morning, Marketbeat reports. They currently have a GBX 199 ($2.57) price objective on the stock.

Separately, Canaccord Genuity Group reissued 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 Down 2.5 %

Shares of SPT traded down GBX 4.80 ($0.06) on Tuesday, reaching GBX 185.20 ($2.39). The stock had a trading volume of 21,439,002 shares, compared to its average volume of 2,417,967. The company has a 50-day simple moving average of GBX 186.85 and a 200-day simple moving average of GBX 178.48. The company has a debt-to-equity ratio of 5.25, a quick ratio of 1.95 and a current ratio of 1.82. The firm has a market capitalization of £1.33 billion, a price-to-earnings ratio of 100.12, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. Spirent Communications has a 12-month low of GBX 166.20 ($2.14) and a 12-month high of GBX 200 ($2.58).

Insiders Place Their Bets

In other Spirent Communications news, insider Eric Updyke sold 55,054 shares of Spirent Communications stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of GBX 188 ($2.42), for a total value of £103,501.52 ($133,464.24). Also, insider Paula Bell sold 131,650 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of GBX 188 ($2.42), for a total transaction of £247,502 ($319,151.52). Over the last three months, insiders have purchased 202 shares of company stock valued at $37,495. 3.34% of the stock is currently owned by corporate insiders.

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.