Sandvine Co. (SVC) Price Target Cut to C$4.00
Sandvine Co. (TSE:SVC) had its price target lowered by Royal Bank Of Canada from C$4.50 to C$4.00 in a research note issued to investors on Tuesday, StockTargetPrices.com reports. Royal Bank Of Canada currently has an outperform rating on the stock.
Several other equities analysts also recently weighed in on the stock. TD Securities reaffirmed a buy rating and set a C$4.50 price target on shares of Sandvine in a report on Monday, July 11th. Scotiabank raised shares of Sandvine from a sector perform rating to an outperform rating and set a C$3.50 price target on the stock in a report on Friday, July 8th. Desjardins reaffirmed a buy rating and set a C$3.80 price target on shares of Sandvine in a report on Friday, July 8th. Canaccord Genuity lifted their price target on shares of Sandvine from C$4.00 to C$4.25 and gave the company a buy rating in a report on Friday, July 8th. Finally, CIBC lifted their price target on shares of Sandvine from C$3.25 to C$3.50 in a report on Friday, July 8th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Sandvine presently has an average rating of Buy and a consensus price target of C$3.50.
Sandvine (TSE:SVC) opened at 2.93 on Tuesday. Sandvine has a 12-month low of $2.22 and a 12-month high of $3.73. The company has a market cap of $407.22 million and a price-to-earnings ratio of 11.49. The company’s 50 day moving average is $3.40 and its 200 day moving average is $2.96.
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.
Receive News & Ratings for Sandvine Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sandvine Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.