Sandvine Co. (TSE:SVC) had its price target increased by Royal Bank Of Canada from C$4.00 to C$4.20 in a research note issued on Friday, StockTargetPrices.com reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 35.05% from the company’s previous close.
A number of other equities analysts have also commented on SVC. Canaccord Genuity boosted their price objective on shares of Sandvine from C$3.75 to C$4.00 in a report on Friday. Desjardins restated a “buy” rating and issued a C$3.80 target price on shares of Sandvine in a research note on Friday, July 8th. TD Securities cut their target price on shares of Sandvine from C$4.50 to C$4.25 and set a “buy” rating on the stock in a research note on Tuesday, September 13th. Scotiabank restated an “outperform” rating and issued a C$3.50 target price on shares of Sandvine in a research note on Tuesday, September 13th. Finally, CIBC upped their target price on shares of Sandvine from C$3.25 to C$3.50 in a research note on Friday, July 8th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Sandvine currently has an average rating of “Buy” and an average target price of C$3.56.
Shares of Sandvine (TSE:SVC) opened at 3.23 on Friday. The firm has a 50-day moving average price of $3.21 and a 200-day moving average price of $2.96. The firm has a market capitalization of $448.92 million and a PE ratio of 12.67. Sandvine has a 1-year low of $2.27 and a 1-year high of $3.73.
Sandvine Company Profile
Sandvine Corporation develops and markets Network Policy Control solutions for communications service providers. The Company’s Network Policy Control solutions consists a hardware platform and software modules that are bundled together to provide a system for broadband communications service providers to identify (video streams, such as Netflix, Voice over Internet Protocol traffic, such as Skype, or online gaming), report on and take action on the data traversing their networks.
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