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

Spirent Communications (LON:SPT) had its target price reduced by JPMorgan Chase & Co. from GBX 344 ($4.54) to GBX 321 ($4.24) in a report released on Monday, MarketBeat Ratings reports. They currently have an overweight rating on the stock.

Separately, Canaccord Genuity Group raised 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 Stock Performance

LON SPT opened at GBX 172.10 ($2.27) on Monday. Spirent Communications has a fifty-two week low of GBX 79.75 ($1.05) and a fifty-two week high of GBX 203.80 ($2.69). The stock has a market cap of £984.15 million, a price-to-earnings ratio of 8,645.00, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. The business has a fifty day moving average of GBX 176.30 and a 200-day moving average of GBX 181.49. The company has a quick ratio of 1.95, a current ratio of 1.82 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.