Sandvine Co. (SVC) Given Average Rating of “Buy” by Analysts
Sandvine Co. (TSE:SVC) has been assigned a consensus rating of “Buy” from the seven research firms that are currently covering the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$3.33.
SVC has been the subject of a number of recent analyst reports. Scotiabank increased their price objective on Sandvine from C$3.00 to C$3.50 and gave the stock an “outperform” rating in a report on Friday, April 7th. TD Securities reaffirmed a “hold” rating and set a C$3.00 price target on shares of Sandvine in a research note on Friday, April 7th. Finally, Royal Bank of Canada increased their price target on Sandvine from C$3.80 to C$4.10 and gave the company an “outperform” rating in a research note on Friday, April 7th.
Sandvine (TSE:SVC) traded up 0.63% on Friday, reaching $3.17. The company had a trading volume of 653,310 shares. The firm has a market capitalization of $398.94 million and a PE ratio of 37.74. Sandvine has a 12 month low of $2.45 and a 12 month high of $3.73. The stock has a 50 day moving average of $3.13 and a 200 day moving average of $2.95.
In other news, insider Tom Donnelly sold 25,000 shares of the stock in a transaction on Monday, April 3rd. The stock was sold at an average price of C$3.08, for a total transaction of C$77,000.00.
Sandvine Corporation is engaged in research, design, manufacturing and sale of network policy control solutions for communications service providers. The Company offers various solutions, including business intelligence, traffic optimization, cyber security, subscriber engagement, subscriber services and business services.
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