Sandvine’s (SVC) Outperform Rating Reiterated at Scotiabank
Sandvine Co. (TSE:SVC)‘s stock had its “outperform” rating restated by stock analysts at Scotiabank in a research note issued on Friday, StockTargetPrices.com reports. They presently have a C$3.50 target price on the stock. Scotiabank’s target price suggests a potential upside of 12.54% from the stock’s current price.
Several other brokerages have also commented on SVC. Canaccord Genuity increased their price objective on Sandvine from C$3.75 to C$4.00 in a report on Friday. Royal Bank Of Canada increased their price objective on Sandvine from C$4.00 to C$4.20 and gave the company an “outperform” rating in a report on Friday. Desjardins upgraded Sandvine from a “hold” rating to a “buy” rating in a report on Friday. TD Securities reiterated a “buy” rating and set a C$4.50 price objective on shares of Sandvine in a report on Monday, July 11th. Finally, CIBC decreased their price objective on Sandvine from C$3.50 to C$3.00 in a report on Tuesday, September 13th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of C$3.56.
Shares of Sandvine (TSE:SVC) traded up 1.125% during trading on Friday, hitting $3.145. The stock had a trading volume of 673,505 shares. The firm has a market cap of $437.10 million and a P/E ratio of 12.333. The firm has a 50 day moving average price of $3.22 and a 200 day moving average price of $2.96. Sandvine has a 12-month low of $2.27 and a 12-month high of $3.73.
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Sandvine Company Profile
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.
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