TD Securities Reiterates Buy Rating for Sandvine Co. (SVC)
Sandvine Co. (TSE:SVC)‘s stock had its “buy” rating reissued by investment analysts at TD Securities in a research note issued on Friday. They presently have a C$4.25 price target on the stock. TD Securities’ price target suggests a potential upside of 36.66% from the company’s current price.
Other equities analysts have also recently issued reports about the stock. Royal Bank Of Canada raised their price target on shares of Sandvine from C$4.00 to C$4.20 and gave the stock an “outperform” rating in a research note on Friday. Canaccord Genuity raised their price target on shares of Sandvine from C$3.75 to C$4.00 in a research note on Friday. Desjardins raised shares of Sandvine from a “hold” rating to a “buy” rating in a research note on Friday. Scotiabank reissued an “outperform” rating and issued a C$3.50 target price on shares of Sandvine in a research note on Friday. Finally, CIBC raised their target price on shares of Sandvine from C$3.25 to C$3.50 in a research note on Friday, July 8th. One investment analyst has rated the stock with a hold rating and six have issued 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) traded up 0.96% during trading on Friday, reaching $3.14. 673,605 shares of the company traded hands. The company has a market cap of $436.41 million and a PE ratio of 12.31. The company’s 50-day moving average is $3.21 and its 200 day moving average is $2.96. Sandvine has a 12 month low of $2.27 and a 12 month 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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