Sandvine Co. (TSE:SVC) Upgraded to “Buy” at Desjardins

Sandvine Co. (TSE:SVC) was upgraded by analysts at Desjardins from a “tender” rating to a “buy” rating in a research note issued to investors on Wednesday, June 28th. The firm presently has a C$4.25 price target on the stock, up from their prior price target of C$3.80. Desjardins’ price target suggests a potential downside of 2.30% from the stock’s current price.

A number of other research analysts have also issued reports on SVC. Scotiabank boosted their price target on shares of Sandvine from C$3.00 to C$3.50 and gave the stock an “outperform” rating in a research report on Friday, April 7th. Royal Bank Of Canada boosted their price target on shares of Sandvine from C$3.80 to C$4.10 and gave the stock an “outperform” rating in a research report on Friday, April 7th. CIBC boosted their price target on shares of Sandvine from C$3.00 to C$3.80 in a research report on Monday, May 29th. National Bank Financial upgraded shares of Sandvine from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$3.25 to C$4.50 in a research report on Monday, May 29th. Finally, TD Securities reiterated a “hold” rating and issued a C$3.00 target price on shares of Sandvine in a report on Friday, April 7th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of C$4.06.

Shares of Sandvine (TSE SVC) opened at 4.35 on Wednesday. Sandvine has a one year low of $2.45 and a one year high of $4.53. The stock has a market capitalization of $547.44 million and a P/E ratio of 51.79. The stock has a 50 day moving average price of $3.68 and a 200 day moving average price of $3.10.

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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.

Analyst Recommendations for Sandvine (TSE:SVC)

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