TD Securities Reiterates “Buy” Rating for Sandvine Co. (SVC)
Sandvine Co. (TSE:SVC)‘s stock had its “buy” rating reissued by stock analysts at TD Securities in a research note issued on Friday. They currently have a C$4.25 price target on the stock. TD Securities’ target price points to a potential upside of 48.60% from the company’s previous close.
Several other analysts have also recently commented on SVC. Desjardins cut Sandvine from a “buy” rating to a “hold” rating and set a C$2.25 target price on the stock. in a research report on Tuesday, September 13th. CIBC raised their target price on Sandvine from C$3.25 to C$3.50 in a research report on Friday, July 8th. National Bank Financial restated a “sector perform market weight” rating on shares of Sandvine in a research report on Monday, September 26th. Royal Bank Of Canada restated an “outperform” rating and issued a C$4.50 target price on shares of Sandvine in a research report on Friday, July 8th. Finally, Scotiabank upgraded Sandvine from a “sector perform” rating to an “outperform” rating and set a C$3.50 target price on the stock in a research report on Friday, July 8th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of C$3.50.
Sandvine (TSE:SVC) opened at 2.86 on Friday. The stock has a market cap of $397.49 million and a PE ratio of 11.22. The stock has a 50 day moving average price of $3.26 and a 200 day moving average price of $2.96. Sandvine has a 52 week low of $2.27 and a 52 week high of $3.73.
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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