Spirent Communications (LON:SPT) Shares Cross Above 200 Day Moving Average of $157.37

Shares of Spirent Communications Plc (LON:SPT) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $157.37 and traded as high as $191.11. Spirent Communications shares last traded at $190.20, with a volume of 1,679,560 shares changing hands.

Several equities research analysts have recently commented on SPT shares. Deutsche Bank reissued a “hold” rating on shares of Spirent Communications in a research note on Monday, July 8th. UBS Group reaffirmed a “neutral” rating on shares of Spirent Communications in a research note on Monday, July 29th. Liberum Capital lifted their target price on shares of Spirent Communications from GBX 185 ($2.42) to GBX 210 ($2.74) and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Finally, Barclays increased their price target on Spirent Communications from GBX 153 ($2.00) to GBX 159 ($2.08) and gave the stock an “equal weight” rating in a research note on Tuesday, August 6th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Spirent Communications has an average rating of “Hold” and an average target price of GBX 174 ($2.27).

The firm has a fifty day simple moving average of GBX 171.89 and a 200 day simple moving average of GBX 157.37. The company has a debt-to-equity ratio of 9.34, a quick ratio of 1.87 and a current ratio of 2.08. The company has a market cap of $1.13 billion and a PE ratio of 20.23.

The business also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 8th were given a GBX 1.59 ($0.02) dividend. The ex-dividend date was Thursday, August 8th. This represents a dividend yield of 0.97%. Spirent Communications’s dividend payout ratio is presently 0.43%.

About Spirent Communications (LON:SPT)

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.

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