JPMorgan Chase & Co. Cuts Spirent Communications (LON:SPT) Price Target to GBX 321

Spirent Communications (LON:SPT) had its price objective lowered by JPMorgan Chase & Co. from GBX 344 ($4.54) to GBX 321 ($4.24) in a research note published on Monday morning, Marketbeat.com reports. The brokerage currently has an overweight rating on the stock.

Separately, Canaccord Genuity Group upgraded shares of Spirent Communications to a speculative buy rating and set a GBX 199 ($2.63) target price for the company in a research report on Wednesday, August 7th.

Spirent Communications Trading Up 0.1 %

Shares of SPT stock opened at GBX 172 ($2.27) on Monday. Spirent Communications has a 1 year low of GBX 79.75 ($1.05) and a 1 year high of GBX 203.80 ($2.69). The firm has a market capitalization of £983.58 million, a PE ratio of 8,600.00, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. The stock has a fifty day moving average of GBX 175.78 and a two-hundred day moving average of GBX 182.35. The company has a debt-to-equity ratio of 5.26, a quick ratio of 1.95 and a current ratio of 1.82.

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.