Spirent Communications (LON:SPT) had its target price raised by investment analysts at Deutsche Bank from GBX 155 ($2.04) to GBX 222 ($2.92) in a research report issued to clients and investors on Friday, Stock Target Advisor reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank’s price target indicates a potential downside of 2.20% from the company’s current price.
A number of other research firms have also recently commented on SPT. Goldman Sachs Group increased their target price on Spirent Communications from GBX 175 ($2.30) to GBX 180 ($2.37) and gave the company a “sell” rating in a research note on Tuesday, January 14th. Investec cut Spirent Communications to a “sell” rating and increased their target price for the company from GBX 170 ($2.24) to GBX 200 ($2.63) in a research note on Tuesday, January 7th. Canaccord Genuity increased their target price on Spirent Communications from GBX 205 ($2.70) to GBX 230 ($3.03) and gave the company a “hold” rating in a research note on Tuesday, January 14th. Liberum Capital increased their target price on Spirent Communications from GBX 210 ($2.76) to GBX 238 ($3.13) and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Barclays cut Spirent Communications to an “underweight” rating and increased their target price for the company from GBX 159 ($2.09) to GBX 190 ($2.50) in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 205.63 ($2.70).
SPT opened at GBX 227 ($2.99) on Friday. The stock has a market cap of $1.39 billion and a PE ratio of 24.15. The company has a quick ratio of 1.87, a current ratio of 2.08 and a debt-to-equity ratio of 9.34. Spirent Communications has a 52 week low of GBX 137 ($1.80) and a 52 week high of GBX 253.50 ($3.33). The business’s fifty day simple moving average is GBX 227.58 and its 200 day simple moving average is GBX 196.47.
About Spirent Communications
Spirent Communications plc provides solutions to develop devices and equipment and to operate networks worldwide. The company operates through Networks & Security, Lifecycle Service Assurance, and Connected Devices segments. The Networks & Security segment develops performance and security test systems to accelerate the development of new devices, networks, and applications for high-speed Ethernet/IP, mobile, and global satellite navigation systems.
Receive News & Ratings for Spirent Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirent Communications and related companies with MarketBeat.com's FREE daily email newsletter.