Sandvine Co. (SVC) Receives C$3.83 Consensus Target Price from Brokerages
Sandvine Co. (TSE:SVC) has received a consensus recommendation of “Buy” from the eight analysts that are currently covering the stock. Five research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have covered the stock in the last year is C$3.83.
A number of research firms have recently issued reports on SVC. Scotiabank reissued an “outperform” rating and set a C$3.50 price objective on shares of Sandvine in a research report on Friday, October 7th. Desjardins raised shares of Sandvine from a “hold” rating to a “buy” rating in a research report on Friday, October 7th. TD Securities reissued a “buy” rating and set a C$4.25 price objective on shares of Sandvine in a research report on Friday, October 7th. Royal Bank Of Canada increased their price objective on shares of Sandvine from C$4.00 to C$4.20 and gave the stock an “outperform” rating in a research report on Friday, October 7th. Finally, Canaccord Genuity increased their price objective on shares of Sandvine from C$3.75 to C$4.00 in a research report on Friday, October 7th.
Sandvine (TSE:SVC) opened at 3.25 on Tuesday. The firm’s 50-day moving average price is $3.05 and its 200-day moving average price is $3.02. The firm has a market cap of $432.38 million and a P/E ratio of 13.16. Sandvine has a 12 month low of $2.47 and a 12 month high of $3.73.
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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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