Spirent Communications (LON:SPT) Shares Cross 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 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 traded.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SPT shares. Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 199 ($2.47) target price on shares of Spirent Communications in a research report on Monday, December 2nd. Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 199 ($2.47) price objective on shares of Spirent Communications in a report on Monday, December 2nd. JPMorgan Chase & Co. lowered their target price on shares of 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, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 225 ($2.80) price target on shares of Spirent Communications in a research note on Friday, November 22nd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 236.80 ($2.94).

Spirent Communications Stock Down 0.5 %

The business’s fifty day moving average price is GBX 174.06 and its 200 day moving average price is GBX 175.54. The firm has a market capitalization of £1.01 billion, a price-to-earnings ratio of 8,810.00, a PEG ratio of 5.73 and a beta of 0.57. 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.