Sandvine Corporation (TSE:SVC) Had Its Target Raises by Equity Analysts at RBC Capital Markets to $4.20

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RBC Analyst Rating Change Sandvine Corporation TSE:SVC

Sandvine Corporation (TSE:SVC) Target Change

In analysts report revealed to clients and investors by RBC Capital Markets on Friday, 7 October, Sandvine Corporation (TSE:SVC) had its target price upgraded to $4.20. The firm presently has “Outperform” rating on the stock.

The target increase is welcomed by stock traders, as TSE:SVC is right now trading 0.64% higher at $3.13 as of 07:48 New York time. Sandvine Corporation shares have declined -9.06% in the past 200 days, while the S&P 500 Index has added 6.91% in the same time period.

Out of 9 brokers covering Sandvine Corporation, 0 rate it a Buy, 0 indicate a Hold while 0 suggest a Sell. The highest target is $3.23 and the lowest is $2.28 according to Thomson/First Call. The 12-month mean target is $2.72, which means downside potential of 13.10% over the current price.

TSE:SVC Price Chart & Trend

The stock price of Sandvine Corporation has decreased 9.06% over the last 200 days, and is in weak down trend. In the last 50 and 100 days, Sandvine Corporation is down 5.47% and up 18.47%, respectively. Our stocks momentum model is shown on the price chart below.Sandvine Corporation (TSE:SVC) Had Its Target Raises by Equity Analysts at RBC Capital Markets to $4.20

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

SVC Stock Chart

Sandvine Corporation (TSE:SVC) Profile

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. Its hardware platform, Policy Traffic Switch (PTS) product line includes over three hardware models, the PTS 22000, PTS 24000 and PTS 32000.

Sandvine Corporation (TSE:SVC) traded up 0.64% on 7 October, hitting $3.13. A total of 735,755 shares of the company’s stock traded hands. This is down from average of 753,585 shares. Sandvine Corporation has a 52 week low of $2.27 and a 52 week high of $3.73. The company has a market cap of $451.42 million and a P/E ratio of 9.32.

Get the latest Sandvine Corporation (TSE:SVC) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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