Brokerages Set Sandvine Co. (SVC) Target Price at $3.91

Sandvine Co. (TSE:SVC) has been given a consensus rating of “Buy” by the seven brokerages that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$3.91.

A number of equities analysts have commented on the stock. Royal Bank of Canada lifted their target price on shares of Sandvine from C$3.80 to C$4.10 and gave the stock an “outperform” rating in a research note on Friday, April 7th. Desjardins downgraded shares of Sandvine from a “hold” rating to a “tender” rating and set a C$3.71 target price on the stock. in a research note on Monday, May 29th. National Bank Financial raised shares of Sandvine from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$3.25 to C$4.50 in a research note on Monday, May 29th. TD Securities reaffirmed a “hold” rating and set a C$3.00 target price on shares of Sandvine in a research note on Friday, April 7th. Finally, CIBC lifted their target price on shares of Sandvine from C$3.00 to C$3.80 in a research note on Monday, May 29th.

In other Sandvine news, insider Tom Donnelly sold 25,000 shares of Sandvine 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 (TSE:SVC) traded down 0.78% during mid-day trading on Tuesday, reaching $3.82. 289,093 shares of the company were exchanged. The company has a 50 day moving average of $3.45 and a 200-day moving average of $3.03. The company has a market capitalization of $480.74 million and a price-to-earnings ratio of 45.48. Sandvine has a 1-year low of $2.45 and a 1-year high of $3.92.

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Sandvine Company Profile

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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