Spirent Communications' (SPT) Speculative Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their speculative buy rating on shares of Spirent Communications (LON:SPT - Free Report) in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm currently has a GBX 199 ($2.64) target price on the stock.

Spirent Communications Trading Up 1.0%

Shares of Spirent Communications stock traded up GBX 1.80 ($0.02) during trading hours on Wednesday, reaching GBX 189.80 ($2.52). The stock had a trading volume of 663,819 shares, compared to its average volume of 2,444,446. The firm has a 50 day simple moving average of GBX 184.23 and a two-hundred day simple moving average of GBX 179.93. The firm has a market capitalization of £1.36 billion, a price-to-earnings ratio of 102.60, a P/E/G ratio of 5.73 and a beta of 0.57. The company has a current ratio of 1.82, a quick ratio of 1.95 and a debt-to-equity ratio of 5.25. Spirent Communications has a 1 year low of GBX 165 ($2.19) and a 1 year high of GBX 195.90 ($2.60).

Insider Transactions at Spirent Communications

In other news, insider Paula Bell sold 131,650 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of GBX 188 ($2.50), for a total value of £247,502 ($328,862.61). Also, insider Eric Updyke sold 55,054 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of GBX 188 ($2.50), for a total value of £103,501.52 ($137,525.27). Company insiders own 3.34% of the company's stock.

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.