Spirent Communications (LON:SPT) Price Target Cut to GBX 321

Spirent Communications (LON:SPT) had its target price dropped by investment analysts at JPMorgan Chase & Co. from GBX 344 ($4.54) to GBX 321 ($4.24) in a research note issued on Monday, Marketbeat.com reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 86.63% from the stock’s current price.

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

Spirent Communications Trading Down 0.5 %

LON SPT opened at GBX 172 ($2.27) on Monday. The firm’s fifty day moving average is GBX 176.15 and its two-hundred day moving average is GBX 181.98. Spirent Communications has a one year low of GBX 79.75 ($1.05) and a one year high of GBX 203.80 ($2.69). The firm has a market cap of £983.58 million, a PE ratio of 8,600.00, a P/E/G ratio of 5.73 and a beta of 0.57. 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.