Spirent Communications (LON:SPT) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Shares of Spirent Communications plc (LON:SPT) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 176.03 ($2.21) and traded as high as GBX 179 ($2.25). Spirent Communications shares last traded at GBX 176.50 ($2.22), with a volume of 1,499,660 shares.

Analysts Set New Price Targets

Several research firms have recently weighed in on SPT. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 199 ($2.50) price target on shares of Spirent Communications in a report on Monday, December 2nd. JPMorgan Chase & Co. lowered their price target on shares of Spirent Communications from GBX 344 ($4.32) to GBX 321 ($4.03) and set an “overweight” rating on the stock in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 225 ($2.83) target price on shares of Spirent Communications in a report on Friday, November 22nd. Finally, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 199 ($2.50) target price on shares of Spirent Communications in a research note on Monday, December 2nd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Spirent Communications has an average rating of “Buy” and a consensus target price of GBX 236.80 ($2.98).

Spirent Communications Stock Down 1.0 %

The firm’s 50 day moving average price is GBX 173.54 and its two-hundred day moving average price is GBX 176.03. The company has a debt-to-equity ratio of 5.26, a quick ratio of 1.95 and a current ratio of 1.82. The company has a market cap of £1.01 billion, a P/E ratio of 8,825.00, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57.

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.