Sandvine Co. (SVC) Price Target Raised to C$4.20 at Royal Bank Of Canada
Sandvine Co. (TSE:SVC) had its price target increased by Royal Bank Of Canada from C$4.00 to C$4.20 in a research note issued to investors on Friday. They currently have an outperform rating on the stock.
Several other equities research analysts have also recently commented on SVC. TD Securities restated a buy rating and set a C$4.50 price target on shares of Sandvine in a research note on Tuesday, July 5th. CIBC upped their price target on Sandvine from C$3.25 to C$3.50 in a research note on Friday, July 8th. Canaccord Genuity upped their price target on Sandvine from C$4.00 to C$4.25 and gave the stock a buy rating in a research note on Friday, July 8th. Desjardins restated a buy rating and set a C$3.80 price target on shares of Sandvine in a research note on Friday, July 8th. Finally, Scotiabank upgraded Sandvine from a sector perform rating to an outperform rating and set a C$3.50 price objective for the company in a research report on Friday, July 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Sandvine currently has a consensus rating of Buy and an average target price of C$3.56.
Shares of Sandvine (TSE:SVC) remained flat at $3.11 during midday trading on Friday. The company’s stock had a trading volume of 972,400 shares. Sandvine has a one year low of $2.27 and a one year high of $3.73. The stock’s 50 day moving average is $3.21 and its 200 day moving average is $2.96. The stock has a market cap of $432.24 million and a P/E ratio of 12.20.
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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