Sandvine Co. (SVC) Given Average Recommendation of “Buy” by Analysts
Sandvine Co. (TSE:SVC) has been given an average recommendation of “Buy” by the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have covered the stock in the last year is C$3.91.
A number of equities research analysts have commented on SVC shares. CIBC raised their price target on shares of Sandvine from C$3.00 to C$3.80 in a report on Monday, May 29th. TD Securities upgraded shares of Sandvine from a “hold” rating to a “buy” rating and raised their price target for the stock from C$3.00 to C$4.50 in a report on Monday, May 29th. Scotiabank raised their price target on shares of Sandvine from C$3.00 to C$3.50 and gave the stock an “outperform” rating in a report on Friday, April 7th. Royal Bank Of Canada raised their price objective on shares of Sandvine from C$3.80 to C$4.10 and gave the company an “outperform” rating in a research note on Friday, April 7th. Finally, National Bank Financial raised shares of Sandvine from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$3.25 to C$4.50 in a research note on Monday, May 29th.
In related news, insider Tom Donnelly sold 25,000 shares of the firm’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of C$3.08, for a total transaction of C$77,000.00.
Sandvine (SVC) traded down 0.26% during midday trading on Tuesday, reaching $3.83. 131,102 shares of the company traded hands. Sandvine has a 12-month low of $2.45 and a 12-month high of $3.92. The company has a 50 day moving average of $3.41 and a 200-day moving average of $3.02. The stock has a market capitalization of $477.51 million and a P/E ratio of 45.60.
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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