Sandvine Co. (SVC) Given Buy Rating at TD Securities

TD Securities reiterated their buy rating on shares of Sandvine Co. (TSE:SVC) in a research report sent to investors on Friday morning. TD Securities currently has a C$4.25 price objective on the stock.

Several other equities research analysts also recently weighed in on the company. Desjardins raised Sandvine from a hold rating to a buy rating in a report on Friday. Scotiabank raised Sandvine from a sector perform rating to an outperform rating and set a C$3.50 price objective for the company in a report on Friday, July 8th. Royal Bank Of Canada reissued an outperform rating and issued a C$4.50 price objective on shares of Sandvine in a report on Friday, July 8th. Canaccord Genuity increased their price objective on Sandvine from C$4.00 to C$4.25 and gave the company a buy rating in a report on Friday, July 8th. Finally, CIBC decreased their price objective on Sandvine from C$3.50 to C$3.00 in a report on Tuesday, September 13th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of C$3.56.

Shares of Sandvine (TSE:SVC) remained flat at $3.11 during midday trading on Friday. 972,400 shares of the stock traded hands. The company’s 50 day moving average price is $3.21 and its 200 day moving average price is $2.96. Sandvine has a 1-year low of $2.27 and a 1-year high of $3.73. The firm has a market cap of $432.24 million and a price-to-earnings 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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