Spirent Communications (LON:SPT) PT Lowered to GBX 321 at JPMorgan Chase & Co.

Spirent Communications (LON:SPT) had its price target decreased by research analysts at JPMorgan Chase & Co. from GBX 344 ($4.50) to GBX 321 ($4.20) in a research report issued to clients and investors on Monday, Digital Look reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 85.66% from the company’s current price.

Separately, Canaccord Genuity Group upgraded Spirent Communications to a “speculative buy” rating and set a GBX 199 ($2.60) target price for the company in a research report on Wednesday, August 7th.

Spirent Communications Price Performance

Shares of SPT traded down GBX 1.10 ($0.01) during trading hours on Monday, reaching GBX 172.90 ($2.26). 257,752 shares of the stock traded hands, compared to its average volume of 4,436,179. Spirent Communications has a 52-week low of GBX 79.75 ($1.04) and a 52-week high of GBX 203.80 ($2.67). 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 company has a market cap of £988.73 million, a P/E ratio of 8,645.00, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. The company’s 50-day moving average price is GBX 176.30 and its two-hundred day moving average price is GBX 181.49.

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.