Deutsche Bank Boosts Spirent Communications (LON:SPT) Price Target to GBX 222

Spirent Communications (LON:SPT) had its price target upped by Deutsche Bank from GBX 155 ($2.04) to GBX 222 ($2.92) in a research note released on Friday morning, Stock Target Advisor reports. Deutsche Bank currently has a hold rating on the stock.

A number of other research firms also recently weighed in on SPT. UBS Group reaffirmed a neutral rating on shares of Spirent Communications in a research note on Tuesday, January 14th. Investec downgraded Spirent Communications to a sell rating and raised their price target for the stock from GBX 170 ($2.24) to GBX 200 ($2.63) in a research note on Tuesday, January 7th. Barclays downgraded Spirent Communications to an underweight rating and raised their price target for the stock from GBX 159 ($2.09) to GBX 190 ($2.50) in a research note on Thursday, January 16th. Canaccord Genuity raised their price target on Spirent Communications from GBX 205 ($2.70) to GBX 230 ($3.03) and gave the stock a hold rating in a research note on Tuesday, January 14th. Finally, Goldman Sachs Group raised their price target on Spirent Communications from GBX 175 ($2.30) to GBX 180 ($2.37) and gave the stock a sell rating in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and an average price target of GBX 205.63 ($2.70).

SPT opened at GBX 232 ($3.05) on Friday. Spirent Communications has a fifty-two week low of GBX 137 ($1.80) and a fifty-two week high of GBX 253.50 ($3.33). The business has a 50-day moving average of GBX 228.64 and a 200-day moving average of GBX 197.59. The company has a debt-to-equity ratio of 9.34, a current ratio of 2.08 and a quick ratio of 1.87. The company has a market capitalization of $1.42 billion and a PE ratio of 24.68.

Spirent Communications Company Profile

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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Analyst Recommendations for Spirent Communications (LON:SPT)

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