Sandvine Co. (TSE:SVC)‘s stock had its “buy” rating restated by equities research analysts at TD Securities in a report issued on Friday. They presently have a C$4.25 price target on the stock. TD Securities’ price objective would suggest a potential upside of 46.55% from the company’s previous close.
Other equities research analysts also recently issued reports about the stock. CIBC upped their price target on shares of Sandvine from C$3.25 to C$3.50 in a report on Friday, July 8th. Canaccord Genuity cut their price target on shares of Sandvine from C$4.25 to C$3.75 and set a “buy” rating for the company in a report on Tuesday, September 13th. Desjardins reissued a “buy” rating and issued a C$3.80 price target on shares of Sandvine in a report on Friday, July 8th. Royal Bank Of Canada reissued an “outperform” rating and issued a C$4.50 price target on shares of Sandvine in a report on Friday, July 8th. Finally, Scotiabank raised shares of Sandvine from a “sector perform” rating to an “outperform” rating and set a C$3.50 price target for the company in a report on Friday, July 8th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of C$3.50.
Shares of Sandvine (TSE:SVC) traded up 0.69% on Friday, reaching $2.92. 333,750 shares of the company’s stock were exchanged. Sandvine has a 12 month low of $2.27 and a 12 month high of $3.73. The firm’s 50 day moving average price is $3.30 and its 200-day moving average price is $2.96. The company has a market capitalization of $405.83 million and a P/E ratio of 11.45.
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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