Sandvine Co. (TSE:SVC) had its price target raised by Royal Bank Of Canada from C$4.00 to C$4.20 in a research report sent to investors on Friday morning, StockTargetPrices.com reports. Royal Bank Of Canada currently has an outperform rating on the stock.
Several other research firms have also recently weighed in on SVC. National Bank Financial restated a sector perform market weight rating on shares of Sandvine in a report on Monday, September 26th. Scotiabank restated an outperform rating and set a C$3.50 price target on shares of Sandvine in a report on Tuesday, September 13th. Canaccord Genuity boosted their price target on shares of Sandvine from C$3.75 to C$4.00 in a report on Friday, October 7th. Desjardins restated a buy rating and set a C$3.80 price target on shares of Sandvine in a report on Friday, July 8th. Finally, CIBC boosted their price target on shares of Sandvine from C$3.25 to C$3.50 in a report on Friday, July 8th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of C$3.56.
Sandvine (TSE:SVC) opened at 3.08 on Friday. Sandvine has a one year low of $2.27 and a one year high of $3.73. The company has a market capitalization of $409.76 million and a PE ratio of 12.47. The stock’s 50 day moving average is $3.18 and its 200 day moving average is $2.96.
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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