Sandvine PT Raised to C$4.50 (SVC)
Stock analysts at CIBC increased their price target on shares of Sandvine (TSE:SVC) from C$3.00 to C$4.50 in a report issued on Friday, American Banking and Market News reports. CIBC’s target price indicates a potential upside of 50.00% from the company’s current price.
SVC has been the subject of a number of other recent research reports. 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. Separately, 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. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Sandvine currently has a consensus rating of “Buy” and an average target price of C$3.34.
Sandvine (TSE:SVC) opened at 3.00 on Friday. Sandvine has a 1-year low of $1.60 and a 1-year 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.
Sandvine Corporation develops and markets Network Policy Control solutions for high-speed or broadband Internet service providers.
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