Scotiabank Reaffirms Outperform Rating for Sandvine Co. (SVC)
Sandvine Co. (TSE:SVC)‘s stock had its “outperform” rating restated by equities researchers at Scotiabank in a research note issued to investors on Friday. They currently have a C$3.50 price objective on the stock. Scotiabank’s price target would suggest a potential upside of 12.54% from the stock’s previous close.
A number of other research firms have also recently commented on SVC. Canaccord Genuity upped their target price on Sandvine from C$3.75 to C$4.00 in a research note on Friday. Royal Bank Of Canada upped their target price on Sandvine from C$4.00 to C$4.20 and gave the company an “outperform” rating in a research note on Friday. Desjardins raised Sandvine from a “hold” rating to a “buy” rating in a research note on Friday. TD Securities reaffirmed a “buy” rating and set a C$4.50 target price on shares of Sandvine in a research note on Monday, July 11th. Finally, CIBC cut their target price on Sandvine from C$3.50 to C$3.00 in a research note on Tuesday, September 13th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Sandvine presently has a consensus rating of “Buy” and a consensus target price of C$3.56.
Sandvine (TSE:SVC) traded up 0.96% on Friday, hitting $3.14. The stock had a trading volume of 673,605 shares. Sandvine has a 52-week low of $2.27 and a 52-week high of $3.73. The firm has a market cap of $436.41 million and a PE ratio of 12.31. The company has a 50-day moving average price of $3.21 and a 200 day moving average price of $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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