Spirent Communications (LON:SPT) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Spirent Communications plc (LON:SPT) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 174.74 ($2.16) and traded as high as GBX 182 ($2.25). Spirent Communications shares last traded at GBX 182 ($2.25), with a volume of 2,188,966 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SPT. Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 199 ($2.46) target price on shares of Spirent Communications in a research report on Thursday, January 16th. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 199 ($2.46) price objective on shares of Spirent Communications in a report on Monday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 225 ($2.78) 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, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 236.80 ($2.92).

Spirent Communications Stock Performance

The firm has a 50 day moving average price of GBX 175.79 and a 200-day moving average price of GBX 174.74. 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 firm has a market capitalization of £1.04 billion, a price-to-earnings ratio of 9,100.00, a PEG ratio of 5.73 and a beta of 0.57.

About Spirent Communications

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.