Spirent Communications (LON:SPT) Hits New 1-Year High at $199.40

Shares of Spirent Communications plc (LON:SPT) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 199.40 ($2.52) and last traded at GBX 198.20 ($2.50), with a volume of 3583889 shares changing hands. The stock had previously closed at GBX 179 ($2.26).

Analysts Set New Price Targets

SPT has been the topic of a number of research analyst reports. Canaccord Genuity Group cut shares of Spirent Communications to a “hold” rating and upped their target price for the company from GBX 145 ($1.83) to GBX 172.50 ($2.18) in a report on Wednesday, March 6th. Numis Securities upped their target price on shares of Spirent Communications from GBX 155 ($1.96) to GBX 240 ($3.03) and gave the company a “buy” rating in a report on Friday, March 8th.

Spirent Communications Stock Performance

The firm has a market cap of £1.15 billion, a price-to-earnings ratio of 6,600.00, a price-to-earnings-growth ratio of 5.73 and a beta of 0.41. The stock’s 50 day moving average is GBX 136.85 and its 200 day moving average is GBX 121.73. The company has a current ratio of 1.93, a quick ratio of 1.95 and a debt-to-equity ratio of 5.70.

Insider Activity at Spirent Communications

In other Spirent Communications news, insider Paula Bell sold 26,889 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of GBX 176 ($2.22), for a total transaction of £47,324.64 ($59,806.19). 4.07% of the stock is owned by company insiders.

Spirent Communications Company Profile

Spirent Communications plc offers automated test and assurance solutions in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates in Lifecycle Service Assurance and Networks & Security segments. The Lifecycle Service Assurance segment provides testing solutions for 5G mobile core networks, and cellular and Wi-Fi devices in the lab, as well as live solutions.