Spirent Communications (LON:SPT) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Spirent Communications plc (LON:SPT) shares crossed 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.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SPT shares. Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 199 ($2.47) price target on shares of Spirent Communications in a research note on Monday, December 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 225 ($2.80) target price on shares of Spirent Communications in a report on Friday, November 22nd. JPMorgan Chase & Co. cut their price target on Spirent Communications from GBX 344 ($4.27) to GBX 321 ($3.99) and set an “overweight” rating for the company in a research note on Monday, September 16th. Finally, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 199 ($2.47) 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 MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 236.80 ($2.94).

Spirent Communications Stock Down 0.5 %

The stock has a fifty day moving average price of GBX 174.06 and a 200-day moving average price of GBX 175.54. 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 firm has a market cap of £1.01 billion, a PE ratio of 8,810.00, a PEG ratio of 5.73 and a beta of 0.57.

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.