Spirent Communications (LON:SPT) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Spirent Communications plc (LON:SPT)’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 176.03 ($2.21) and traded as high as GBX 179 ($2.25). Spirent Communications shares last traded at GBX 176.50 ($2.22), with a volume of 1,499,660 shares changing hands.

Analysts Set New Price Targets

Several brokerages have issued reports on SPT. Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 199 ($2.50) price objective on shares of Spirent Communications in a research note on Monday, December 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 225 ($2.83) target price on shares of Spirent Communications in a research note on Friday, November 22nd. JPMorgan Chase & Co. reduced their price target on shares of Spirent Communications from GBX 344 ($4.32) to GBX 321 ($4.03) and set an “overweight” rating for the company in a report on Monday, September 16th. Finally, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 199 ($2.50) price target on shares of Spirent Communications in a research report on Monday, December 2nd. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 236.80 ($2.98).

Spirent Communications Stock Down 1.0 %

The firm has a market capitalization of £1.01 billion, a price-to-earnings ratio of 8,825.00, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. The company has a debt-to-equity ratio of 5.26, a current ratio of 1.82 and a quick ratio of 1.95. The business has a 50 day moving average of GBX 173.54 and a 200 day moving average of GBX 176.03.

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.