Spirent Communications (LON:SPT) Stock Passes Above 200 Day Moving Average - Here's Why

Spirent Communications plc (LON:SPT - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 175.54 ($2.18) and traded as high as GBX 177.50 ($2.20). Spirent Communications shares last traded at GBX 176.20 ($2.19), with a volume of 653,902 shares changing hands.

Analysts Set New Price Targets

SPT has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their target price on Spirent Communications from GBX 344 ($4.27) to GBX 321 ($3.99) and set an "overweight" rating on the stock in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 225 ($2.80) price objective on shares of Spirent Communications in a report on Friday, November 22nd. Canaccord Genuity Group reaffirmed a "speculative buy" rating and set a GBX 199 ($2.47) target price on shares of Spirent Communications in a report on Monday, December 2nd. Finally, Canaccord Genuity Group reiterated a "speculative buy" rating and set a GBX 199 ($2.47) price target on shares of Spirent Communications in a research report on Monday, December 2nd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Spirent Communications currently has an average rating of "Buy" and an average price target of GBX 236.80 ($2.94).

Spirent Communications Stock Performance

The company has a 50-day moving average of GBX 174.06 and a 200 day moving average of GBX 175.54. The firm has a market capitalization of £1.01 billion, a PE ratio of 8,810.00, a PEG ratio of 5.73 and a beta of 0.57. The company has a quick ratio of 1.95, a current ratio of 1.82 and a debt-to-equity ratio of 5.26.

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.