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

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

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

Spirent Communications Price Performance

Shares of LON:SPT opened at GBX 171.80 ($2.27) on Monday. The company has a quick ratio of 1.95, a current ratio of 1.82 and a debt-to-equity ratio of 5.26. The firm has a 50-day simple moving average of GBX 175.96 and a 200 day simple moving average of GBX 182.42. The company has a market cap of £982.44 million, a PE ratio of 8,590.00, a P/E/G ratio of 5.73 and a beta of 0.57. 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).

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.