Spirent Communications (LON:SPT) Price Target Increased to GBX 199 by Analysts at Canaccord Genuity Group

Spirent Communications (LON:SPT) had its price objective lifted by Canaccord Genuity Group from GBX 172.50 ($2.18) to GBX 199 ($2.52) in a report published on Wednesday morning, MarketBeat Ratings reports. Canaccord Genuity Group currently has a hold rating on the stock.

Separately, Numis Securities raised their target price on shares of Spirent Communications from GBX 155 ($1.96) to GBX 240 ($3.04) and gave the stock a buy rating in a report on Friday, March 8th.

Spirent Communications Stock Performance

Shares of SPT stock opened at GBX 195.69 ($2.48) on Wednesday. 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 has a one year low of GBX 79.75 ($1.01) and a one year high of GBX 203.80 ($2.58). The company’s 50-day simple moving average is GBX 152 and its 200-day simple moving average is GBX 125.73. The stock has a market capitalization of £1.13 billion, a price-to-earnings ratio of 6,540.00, a PEG ratio of 5.73 and a beta of 0.41.

Insider Buying and Selling at Spirent Communications

In other Spirent Communications news, insider Paula Bell sold 26,889 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of GBX 176 ($2.23), for a total value of £47,324.64 ($59,897.03). 4.07% of the stock is owned by company insiders.

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.