Sandvine Co. (TSE:SVC)‘s stock had its “buy” rating reissued by equities researchers at TD Securities in a research note issued to investors on Friday. They currently have a C$4.25 price objective on the stock. TD Securities’ price objective indicates a potential upside of 36.66% from the stock’s current price.
Several other equities research analysts also recently weighed in on SVC. CIBC raised their price target on Sandvine from C$3.25 to C$3.50 in a report on Friday, July 8th. Royal Bank Of Canada restated an “outperform” rating and issued a C$4.50 price objective on shares of Sandvine in a research note on Friday, July 8th. Canaccord Genuity raised their price objective on Sandvine from C$4.00 to C$4.25 and gave the stock a “buy” rating in a research note on Friday, July 8th. Desjardins restated a “buy” rating and issued a C$3.80 price objective on shares of Sandvine in a research note on Friday, July 8th. Finally, Scotiabank upgraded Sandvine from a “sector perform” rating to an “outperform” rating and set a C$3.50 price objective for the company in a research note on Friday, July 8th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Sandvine presently has a consensus rating of “Buy” and an average target price of C$3.56.
Sandvine (TSE:SVC) opened at 3.11 on Friday. The firm has a 50-day moving average price of $3.20 and a 200 day moving average price of $2.96. Sandvine has a 1-year low of $2.27 and a 1-year high of $3.73. The company has a market capitalization of $432.24 million and a P/E ratio of 12.20.
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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