Spirent Communications (LON:SPT) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Spirent Communications plc (LON:SPT)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 175.12 ($2.14) and traded as high as GBX 175.30 ($2.15). Spirent Communications shares last traded at GBX 172.50 ($2.11), with a volume of 1,207,861 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SPT shares. Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 199 ($2.44) price objective on shares of Spirent Communications in a research note on Monday, December 2nd. Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 199 ($2.44) price objective on shares of Spirent Communications in a research report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 225 ($2.75) target price on shares of Spirent Communications in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. reduced their price target on Spirent Communications from GBX 344 ($4.21) to GBX 321 ($3.93) and set an “overweight” rating on the stock in a report on Monday, September 16th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 236.80 ($2.90).

Spirent Communications Stock Performance

The firm has a market capitalization of £986.44 million, a P/E ratio of 8,625.00, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. The company has a 50-day moving average of GBX 174.53 and a 200-day moving average of GBX 175.12. The company has a current ratio of 1.82, a quick ratio of 1.95 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.