Sandvine Co. (SVC) PT Raised to C$4.20
Sandvine Co. (TSE:SVC) had its price target hoisted by Royal Bank Of Canada from C$4.00 to C$4.20 in a report published on Friday, StockTargetPrices.com reports. They currently have an outperform rating on the stock.
Other equities research analysts have also recently issued reports about the stock. TD Securities reaffirmed a buy rating and set a C$4.50 price target on shares of Sandvine in a research note on Monday, July 11th. Scotiabank raised shares of Sandvine from a sector perform rating to an outperform rating and set a C$3.50 price target on the stock in a research note on Friday, July 8th. Canaccord Genuity raised their price target on shares of Sandvine from C$4.00 to C$4.25 and gave the stock a buy rating in a research note on Friday, July 8th. CIBC decreased their price target on shares of Sandvine from C$3.50 to C$3.00 in a research note on Tuesday, September 13th. Finally, Desjardins cut shares of Sandvine from a buy rating to a hold rating and set a C$2.25 price target on the stock. in a research note on Tuesday, September 13th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Sandvine has a consensus rating of Buy and an average price target of C$3.56.
Sandvine (TSE:SVC) opened at 3.06 on Friday. The firm has a market cap of $407.10 million and a PE ratio of 12.39. Sandvine has a 12-month low of $2.27 and a 12-month high of $3.73. The firm’s 50-day moving average is $3.17 and its 200 day moving average 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.
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