The Canaccord Genuity Cuts Sandvine Co. (SVC) Price Target to C$3.25

The Canaccord Genuity Cuts Sandvine Co. (SVC) Price Target to C$3.25

Sandvine Co. (TSE:SVC) had its target price lowered by Canaccord Genuity from C$3.50 to C$3.25 in a report issued on Friday morning. The brokerage currently has a buy rating on the stock.

Several other brokerages also recently commented on SVC. Desjardins raised Sandvine from a hold rating to a buy rating in a report on Friday, October 7th. Scotiabank reissued an outperform rating and issued a C$3.50 price objective on shares of Sandvine in a research report on Friday, October 7th. TD Securities reissued a buy rating and issued a C$4.25 price objective on shares of Sandvine in a research report on Friday, October 7th. Royal Bank Of Canada lifted their price objective on Sandvine from C$4.00 to C$4.20 and gave the stock an outperform rating in a research report on Friday, October 7th. Finally, National Bank Financial reissued a sector perform market weight rating on shares of Sandvine in a research report on Monday, September 26th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of C$3.20.

Sandvine (TSE:SVC) opened at 2.66 on Friday. The firm has a market capitalization of $352.15 million and a PE ratio of 28.91. Sandvine has a 12 month low of $2.45 and a 12 month high of $3.73. The company’s 50-day moving average price is $2.76 and its 200 day moving average price is $3.06.

About Sandvine

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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