Spirent Communications (LON:SPT) Raised to “Speculative Buy” at Canaccord Genuity Group

Spirent Communications (LON:SPT) was upgraded by stock analysts at Canaccord Genuity Group to a “speculative buy” rating in a research note issued on Wednesday, Digital Look reports. The firm presently has a GBX 199 ($2.54) price objective on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 14.37% from the company’s previous close.

Spirent Communications Price Performance

LON SPT opened at GBX 174 ($2.22) on Wednesday. Spirent Communications has a 1 year low of GBX 79.75 ($1.02) and a 1 year high of GBX 203.80 ($2.60). The business’s fifty day moving average is GBX 180.74 and its two-hundred day moving average is GBX 169.87. The stock has a market capitalization of £995.02 million, a P/E ratio of 5,800.00, a P/E/G ratio of 5.73 and a beta of 0.54. The company has a debt-to-equity ratio of 5.70, a quick ratio of 1.95 and a current ratio of 1.93.

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.