Spirent Communications (LON:SPT) Share Price Passes Above 200-Day Moving Average – Here’s Why

Spirent Communications plc (LON:SPT)’s stock price 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 ($2.18) and traded as high as GBX 182 ($2.27). Spirent Communications shares last traded at GBX 182 ($2.27), with a volume of 2,188,966 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SPT. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 225 ($2.81) target price on shares of Spirent Communications in a research note on Friday, November 22nd. Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 199 ($2.48) target price on shares of Spirent Communications in a report on Thursday, January 16th. Finally, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 199 ($2.48) target price on shares of Spirent Communications in a report on Monday, December 2nd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Spirent Communications has a consensus rating of “Buy” and an average price target of GBX 236.80 ($2.96).

Spirent Communications Stock Performance

The company has a market cap of £1.04 billion, a P/E ratio of 9,100.00, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. The stock has a 50-day moving average of GBX 175.98 and a two-hundred day moving average of GBX 174.79. The company has a debt-to-equity ratio of 5.26, a quick ratio of 1.95 and a current ratio of 1.82.

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.