TD Securities Lowers Sandvine Co. (TSE:SVC) to Tender

TD Securities cut shares of Sandvine Co. (TSE:SVC) from a buy rating to a tender rating in a report published on Wednesday, June 28th. They currently have C$4.15 price objective on the stock, down from their previous price objective of C$4.50.

Several other equities analysts have also recently commented on the company. Desjardins cut Sandvine from a hold rating to a tender rating and set a C$3.71 target price for the company. in a research note on Monday, May 29th. National Bank Financial upgraded Sandvine from a sector perform rating to an outperform rating and increased their target price for the company from C$3.25 to C$4.50 in a research note on Monday, May 29th. CIBC upped their price target on Sandvine from C$3.00 to C$3.80 in a research report on Monday, May 29th. Royal Bank Of Canada upped their price target on Sandvine from C$3.80 to C$4.10 and gave the company an outperform rating in a research report on Friday, April 7th. Finally, Scotiabank upped their price target on Sandvine from C$3.00 to C$3.50 and gave the company an outperform rating in a research report on Friday, April 7th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of C$4.06.

Shares of Sandvine (TSE:SVC) opened at 4.35 on Wednesday. The company has a market cap of $547.44 million and a price-to-earnings ratio of 51.79. Sandvine has a 12-month low of $2.45 and a 12-month high of $4.53. The stock has a 50 day moving average of $3.68 and a 200 day moving average 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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