Sandvine Price Target Increased to C$3.70 by Analysts at Canaccord Genuity (SVC)
Stock analysts at Canaccord Genuity boosted their price target on shares of Sandvine (TSE:SVC) from C$3.50 to C$3.70 in a report issued on Friday, AnalystRatingsNetwork reports. Canaccord Genuity’s price objective suggests a potential upside of 23.33% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Sandvine in a research note to investors on Thursday. They now have a C$3.00 price target on the stock, up previously from C$2.75. Analysts at CIBC reiterated a “sector outperform” rating on shares of Sandvine in a research note to investors on Monday, December 2nd. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$3.34.
Sandvine (TSE:SVC) opened at 3.00 on Friday. Sandvine has a 52 week low of $1.60 and a 52 week high of $3.09. The stock’s 50-day moving average is $2.76 and its 200-day moving average is $2.30. The company has a market cap of $415.0 million and a price-to-earnings ratio of 32.49.
Sandvine Corporation develops and markets Network Policy Control solutions for high-speed or broadband Internet service providers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.