Sandvine Co. (SVC) Upgraded to Buy by Desjardins
Sandvine Co. (TSE:SVC) was upgraded by Desjardins from a “hold” rating to a “buy” rating in a note issued to investors on Friday, StockTargetPrices.com reports.
Other equities research analysts have also recently issued reports about the stock. CIBC reduced their price target on shares of Sandvine from C$3.50 to C$3.00 in a research report on Tuesday, September 13th. Canaccord Genuity boosted their price target on shares of Sandvine from C$3.75 to C$4.00 in a research report on Friday. TD Securities reissued a “buy” rating and issued a C$4.25 price target on shares of Sandvine in a research report on Friday, September 30th. Royal Bank Of Canada reduced their price target on shares of Sandvine from C$4.50 to C$4.00 and set an “outperform” rating for the company in a research report on Tuesday, September 13th. Finally, Scotiabank raised shares of Sandvine from a “sector perform” rating to an “outperform” rating and set a C$3.50 target price for the company in a report on Friday, July 8th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$3.56.
Shares of Sandvine (TSE:SVC) traded up 1.125% on Friday, reaching $3.145. 673,505 shares of the company were exchanged. The stock has a 50 day moving average of $3.22 and a 200-day moving average of $2.96. Sandvine has a 52-week low of $2.27 and a 52-week high of $3.73. The company has a market capitalization of $437.10 million and a P/E ratio of 12.333.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/07/sandvine-co-svc-upgraded-to-buy-by-desjardins.html
Sandvine Corporation develops and markets Network Policy Control solutions for communications service providers. The Company’s Network Policy Control solutions consists a hardware platform and software modules that are bundled together to provide a system for broadband communications service providers to identify (video streams, such as Netflix, Voice over Internet Protocol traffic, such as Skype, or online gaming), report on and take action on the data traversing their networks.
Receive News & Ratings for Sandvine Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sandvine Co. and related companies with MarketBeat.com's FREE daily email newsletter.