TD Securities Reiterates Buy Rating for Sandvine Co. (SVC)
Sandvine Co. (TSE:SVC)‘s stock had its “buy” rating restated by TD Securities in a report released on Friday, StockTargetPrices.com reports. They currently have a C$4.25 price target on the stock. TD Securities’ price target would indicate a potential upside of 36.66% from the company’s previous close.
A number of other research firms have also recently commented on SVC. Royal Bank Of Canada raised their target price on Sandvine from C$4.00 to C$4.20 and gave the company an “outperform” rating in a research note on Friday. Canaccord Genuity raised their target price on Sandvine from C$3.75 to C$4.00 in a research note on Friday. Desjardins upgraded Sandvine from a “hold” rating to a “buy” rating in a research note on Friday. Scotiabank restated an “outperform” rating and issued a C$3.50 target price on shares of Sandvine in a research note on Friday. Finally, CIBC lowered their target price on Sandvine from C$3.50 to C$3.00 in a research note on Tuesday, September 13th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Sandvine presently has a consensus rating of “Buy” and an average target price of C$3.56.
Shares of Sandvine (TSE:SVC) traded up 1.125% on Friday, reaching $3.145. The company’s stock had a trading volume of 673,505 shares. Sandvine has a 52-week low of $2.27 and a 52-week high of $3.73. The company has a market cap of $437.10 million and a price-to-earnings ratio of 12.333. The stock has a 50-day moving average of $3.22 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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