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Stock analysts at M Partners started coverage on shares of Sandvine (TSE:SVC) in a report issued on Wednesday. The firm set a “buy” rating and a C$4.50 price target on the stock. M Partners’ target price points to a potential upside of 38.46% from the company’s current price.

Shares of Sandvine (TSE:SVC) opened at 3.25 on Wednesday. Sandvine has a one year low of $1.88 and a one year high of $4.08. The stock has a 50-day moving average of $3.43 and a 200-day moving average of $3.45. The company has a market cap of $488.3 million and a price-to-earnings ratio of 20.56.

Sandvine (TSE:SVC) last released its earnings data on Friday, July 11th. The company reported $0.03 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.03. On average, analysts predict that Sandvine will post $0.18 earnings per share for the current fiscal year.

SVC has been the subject of a number of other recent research reports. Analysts at Salman Partners raised their price target on shares of Sandvine from C$4.35 to C$5.00 in a research note on Friday, July 11th. Analysts at RBC Capital upgraded shares of Sandvine to an “outperform” rating in a research note on Friday, July 11th. They now have a C$4.60 price target on the stock, up previously from C$4.00. Six research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of C$4.56.

Sandvine Corporation (TSE:SVC) is a Canada-based company, engaged in developing and marketing Network Policy Control solutions for high-speed, or broadband, Internet service providers.

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