Sandvine PT Raised to C$2.75 at RBC Capital (SVC)
Equities researchers at RBC Capital hoisted their price target on shares of Sandvine (TSE:SVC) from C$2.60 to C$2.75 in a research report issued on Friday, StockRatingsNetwork.com reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s target price indicates a potential upside of 23.87% from the stock’s previous close.
A number of other firms have also recently commented on SVC. Analysts at Canaccord Genuity raised their price target on shares of Sandvine (TSE:SVC) from C$2.50 to C$3.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at M Partners raised their price target on shares of Sandvine (TSE:SVC) from C$2.40 to C$2.60 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Salman Partners upgraded shares of Sandvine (TSE:SVC) from a “hold” rating to a “buy” rating in a research note to investors on Friday. They now have a C$2.65 price target on the stock, up previously from C$2.05. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Sandvine presently has a consensus rating of “Buy” and an average target price of C$2.68.
Sandvine (TSE:SVC) traded down 3.06% on Friday, hitting $2.22. 482,749 shares of the company’s stock traded hands. Sandvine has a 52 week low of $1.08 and a 52 week high of $2.25. The stock’s 50-day moving average is $1.91 and its 200-day moving average is $1.98. The company has a market cap of $307.0 million and a P/E ratio of 38.17.
Sandvine Corporation develops and markets Network Policy Control solutions for high-speed or broadband Internet service providers.
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