TD Securities Reiterates Buy Rating for Sandvine Co. (SVC)
Sandvine Co. (TSE:SVC)‘s stock had its “buy” rating reaffirmed by equities researchers at TD Securities in a note issued to investors on Friday, StockTargetPrices.com reports. They currently have a C$4.25 target price on the stock. TD Securities’ target price points to a potential upside of 36.66% from the company’s current price.
Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada upped their price target on Sandvine from C$4.00 to C$4.20 and gave the stock an “outperform” rating in a report on Friday. Canaccord Genuity upped their price target on Sandvine from C$3.75 to C$4.00 in a report on Friday. Desjardins upgraded Sandvine from a “hold” rating to a “buy” rating in a report on Friday. Scotiabank reiterated an “outperform” rating and set a C$3.50 price target on shares of Sandvine in a report on Friday. Finally, CIBC upped their price target on Sandvine from C$3.25 to C$3.50 in a report on Friday, July 8th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$3.56.
Shares of Sandvine (TSE:SVC) traded up 0.96% during midday trading on Friday, reaching $3.14. The company’s stock had a trading volume of 673,605 shares. Sandvine has a one year low of $2.27 and a one year high of $3.73. The stock has a market cap of $436.41 million and a PE ratio of 12.31. The firm has a 50-day moving average of $3.21 and a 200-day moving average of $2.96.
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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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