Sandvine Price Target Increased to C$3.25 by Analysts at RBC Capital (SVC)
Equities researchers at RBC Capital raised their price target on shares of Sandvine (TSE:SVC) from C$3.00 to C$3.25 in a research report issued on Friday, Stock Ratings News reports. RBC Capital’s price target suggests a potential upside of 8.33% from the company’s current price.
Sandvine (TSE:SVC) opened at 3.00 on Friday. Sandvine has a 52-week low of $1.60 and a 52-week high of $3.15. The stock has a 50-day moving average of $2.77 and a 200-day moving average of $2.31. The company has a market cap of $415.0 million and a price-to-earnings ratio of 32.49.
Other equities research analysts have also recently issued reports about the stock. Analysts at CIBC raised their price target on shares of Sandvine from C$3.00 to C$4.50 in a research note to investors on Friday. Separately, analysts at Canaccord Genuity raised their price target on shares of Sandvine from C$3.50 to C$3.70 in a research note to investors on Friday. Finally, analysts at Canaccord Genuity upgraded shares of Sandvine to a “focus list” rating in a research note to investors on Tuesday, December 3rd. They now have a C$3.50 price target on the stock, up previously from C$3.00. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Sandvine presently has a consensus rating of “Buy” and a consensus price target of C$3.34.
Sandvine Corporation develops and markets Network Policy Control solutions for high-speed or broadband Internet service providers.
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