Spirent Communications (LON:SPT) Stock Rating Upgraded by Canaccord Genuity Group

Spirent Communications (LON:SPT) was upgraded by Canaccord Genuity Group to a “speculative buy” rating in a report released on Wednesday, MarketBeat reports. The firm currently has a GBX 199 ($2.54) target price on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 12.56% from the company’s current price.

Spirent Communications Trading Up 1.0 %

Shares of SPT stock opened at GBX 176.80 ($2.26) on Wednesday. The stock’s fifty day simple moving average is GBX 180.44 and its 200 day simple moving average is GBX 169.95. Spirent Communications has a twelve month low of GBX 79.75 ($1.02) and a twelve month high of GBX 203.80 ($2.60). The company has a quick ratio of 1.95, a current ratio of 1.93 and a debt-to-equity ratio of 5.70. The firm has a market capitalization of £1.01 billion, a P/E ratio of 5,893.33, a P/E/G ratio of 5.73 and a beta of 0.54.

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.