Sandvine Co. (SVC) Given New C$4.00 Price Target at Canaccord Genuity
Sandvine Co. (TSE:SVC) had its target price lifted by equities researchers at Canaccord Genuity from C$3.75 to C$4.00 in a research report issued to clients and investors on Friday, StockTargetPrices.com reports. Canaccord Genuity’s price target would indicate a potential upside of 28.62% from the company’s previous close.
Several other research analysts have also weighed in on the company. TD Securities reiterated a “buy” rating and issued a C$4.25 price objective on shares of Sandvine in a research report on Friday, September 30th. National Bank Financial reiterated a “sector perform market weight” rating on shares of Sandvine in a research report on Monday, September 26th. Scotiabank restated an “outperform” rating and set a C$3.50 price target on shares of Sandvine in a research report on Tuesday, September 13th. Desjardins lowered Sandvine from a “buy” rating to a “hold” rating and set a C$2.25 price target for the company. in a research report on Tuesday, September 13th. Finally, CIBC lowered their price target on Sandvine from C$3.50 to C$3.00 in a research report on Tuesday, September 13th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Sandvine has a consensus rating of “Buy” and a consensus target price of C$3.56.
Shares of Sandvine (TSE:SVC) opened at 3.23 on Friday. Sandvine has a 52 week low of $2.27 and a 52 week high of $3.73. The company has a market capitalization of $448.92 million and a price-to-earnings ratio of 12.67. The company’s 50 day moving average price is $3.21 and its 200-day moving average price is $2.96.
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.
Receive News & Ratings for Sandvine Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sandvine Co. and related companies with MarketBeat.com's FREE daily email newsletter.