Spirent Communications plc (LON:SPT - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 175.12 ($2.20) and traded as high as GBX 185.50 ($2.33). Spirent Communications shares last traded at GBX 185.10 ($2.33), with a volume of 1,055,479 shares changing hands.
Analysts Set New Price Targets
Several research firms have commented on SPT. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 225 ($2.83) price target on shares of Spirent Communications in a report on Friday, November 22nd. Canaccord Genuity Group reaffirmed a "speculative buy" rating and issued a GBX 199 ($2.50) price target on shares of Spirent Communications in a report on Thursday, January 16th. Finally, Canaccord Genuity Group reiterated a "speculative buy" rating and issued a GBX 199 ($2.50) price objective on shares of Spirent Communications in a research note on Monday, December 2nd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of GBX 236.80 ($2.98).
View Our Latest Analysis on SPT
Spirent Communications Stock Performance
The company has a market capitalization of £1.32 billion, a P/E ratio of 99.68, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. The firm has a 50 day moving average price of GBX 179.18 and a two-hundred day moving average price of GBX 175.31. The company has a debt-to-equity ratio of 5.25, a quick ratio of 1.95 and a current ratio of 1.82.
About Spirent Communications
(
Get Free Report)
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.
Further Reading
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