Spirent Communications (LON:SPT) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Spirent Communications plc (LON:SPT) 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 trading hands.

Analysts Set New Price Targets

Several brokerages recently commented on SPT. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 199 ($2.47) 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 ($2.47) price target on shares of Spirent Communications in a research report on Monday, December 2nd. JPMorgan Chase & Co. lowered their price objective 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. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 225 ($2.80) target price on shares of Spirent Communications in a research report on Friday, November 22nd. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 236.80 ($2.94).

Spirent Communications Stock Down 0.5 %

The company has a current ratio of 1.82, a quick ratio of 1.95 and a debt-to-equity ratio of 5.26. The stock has a market cap of £1.01 billion, a P/E ratio of 8,810.00, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. The stock’s fifty day moving average price is GBX 174.06 and its 200 day moving average price is GBX 175.54.

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.