Sandvine Co. (SVC) Given New C$4.00 Price Target at Canaccord Genuity
Sandvine Co. (TSE:SVC) had its price objective hoisted by equities researchers at Canaccord Genuity from C$3.75 to C$4.00 in a research note issued on Friday. Canaccord Genuity’s price objective indicates a potential upside of 28.62% from the company’s previous close.
Several other equities analysts have also recently weighed in on SVC. Desjardins restated a “buy” rating and set a C$3.80 price target on shares of Sandvine in a report on Friday, July 8th. TD Securities cut their price target on Sandvine from C$4.50 to C$4.25 and set a “buy” rating for the company in a report on Tuesday, September 13th. Scotiabank restated an “outperform” rating and set a C$3.50 price target on shares of Sandvine in a report on Tuesday, September 13th. CIBC lifted their target price on Sandvine from C$3.25 to C$3.50 in a report on Friday, July 8th. Finally, National Bank Financial reiterated a “sector perform market weight” rating on shares of Sandvine in a report on Monday, September 26th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Sandvine presently has an average rating of “Buy” and an average target price of C$3.56.
Shares of Sandvine (TSE:SVC) opened at 3.23 on Friday. The company has a market cap of $448.92 million and a P/E ratio of 12.67. The company has a 50-day moving average price of $3.21 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 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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