Scotiabank Reaffirms Outperform Rating for Sandvine Co. (SVC)
Sandvine Co. (TSE:SVC)‘s stock had its “outperform” rating reaffirmed by equities researchers at Scotiabank in a research note issued to investors on Friday, StockTargetPrices.com reports. They presently have a C$3.50 price objective on the stock. Scotiabank’s target price would indicate a potential upside of 12.54% from the stock’s current price.
A number of other research firms have also weighed in on SVC. Canaccord Genuity raised their target price on shares of Sandvine from C$3.75 to C$4.00 in a research note on Friday. Royal Bank Of Canada lifted their price target on shares of Sandvine from C$4.00 to C$4.20 and gave the company an “outperform” rating in a research report on Friday. Desjardins raised shares of Sandvine from a “hold” rating to a “buy” rating in a research report on Friday. TD Securities reaffirmed a “buy” rating and set a C$4.50 price target on shares of Sandvine in a research report on Monday, July 11th. Finally, 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. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of C$3.56.
Shares of Sandvine (TSE:SVC) traded up 0.96% during mid-day trading on Friday, reaching $3.14. The company’s stock had a trading volume of 673,605 shares. The stock has a market cap of $436.41 million and a P/E ratio of 12.31. The stock has a 50 day moving average of $3.21 and a 200-day moving average of $2.96. Sandvine has a one year low of $2.27 and a one year high of $3.73.
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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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