Sandvine Co. (SVC) Price Target Cut to C$4.00
Sandvine Co. (TSE:SVC) had its price target trimmed by Royal Bank Of Canada from C$4.50 to C$4.00 in a report published on Tuesday, StockTargetPrices.com reports. The brokerage currently has an outperform rating on the stock.
Several other equities analysts also recently weighed in on SVC. TD Securities reiterated a buy rating and issued a C$4.50 price target on shares of Sandvine in a report on Tuesday, July 5th. CIBC increased their price target on shares of Sandvine from C$3.25 to C$3.50 in a report on Friday, July 8th. Canaccord Genuity increased their price target on shares of Sandvine from C$4.00 to C$4.25 and gave the stock a buy rating in a report on Friday, July 8th. Desjardins reiterated a buy rating and issued a C$3.80 price target on shares of Sandvine in a report on Friday, July 8th. Finally, Scotiabank upgraded 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of C$3.50.
Shares of Sandvine (TSE:SVC) opened at 2.93 on Tuesday. Sandvine has a 1-year low of $2.22 and a 1-year high of $3.73. The company’s 50-day moving average is $3.40 and its 200-day moving average is $2.96. The stock has a market cap of $407.22 million and a P/E ratio of 11.49.
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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