Sandvine’s (SVC) Sector Perform Market Weight Rating Reaffirmed at National Bank Financial

Sandvine Co. (TSE:SVC)‘s stock had its “sector perform market weight” rating reiterated by National Bank Financial in a research report issued to clients and investors on Monday.

Other equities research analysts have also issued research reports about the company. CIBC lowered their price objective on Sandvine from C$3.50 to C$3.00 in a report on Tuesday, September 13th. TD Securities reissued a “buy” rating and set a C$4.50 price target on shares of Sandvine in a research note on Tuesday, July 5th. Desjardins reissued a “buy” rating and set a C$3.80 price target on shares of Sandvine in a research note on Friday, July 8th. Canaccord Genuity boosted their price target 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. Finally, Scotiabank reissued an “outperform” rating and set a C$3.50 price target on shares of Sandvine in a research note on Tuesday, September 13th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of C$3.50.

Analyst Recommendations for Sandvine (TSE:SVC)

Sandvine (TSE:SVC) traded down 0.34% during midday trading on Monday, reaching $2.91. The company’s stock had a trading volume of 178,183 shares. The stock has a market capitalization of $404.44 million and a PE ratio of 11.41. Sandvine has a 52 week low of $2.27 and a 52 week high of $3.73. The firm’s 50-day moving average price is $3.31 and its 200-day moving average price is $2.96.

About Sandvine

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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