Sangoma Technologies (TSE:STC) PT Set at C$11.00 by TD Securities

Key Points

• Sangoma Technologies has been assigned a price target of C$11.00 by TD Securities, indicating a potential upside of 42.86% from its previous closing price.
• Stifel Nicolaus has set a higher price objective of C$12.00 for Sangoma Technologies, with both firms maintaining a "buy" rating on the stock.
• The stock of Sangoma Technologies is currently trading at C$7.70, with a 1-year price range from C$5.80 to C$11.50.

Sangoma Technologies (TSE:STC - Get Free Report) received a C$11.00 price objective from research analysts at TD Securities in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD Securities' target price would indicate a potential upside of 34.97% from the stock's previous close.

Separately, Stifel Nicolaus set a C$12.00 target price on shares of Sangoma Technologies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of C$11.50.

Sangoma Technologies Trading Down 1.6%

TSE STC traded down C$0.13 on Thursday, hitting C$8.15. 20,848 shares of the stock were exchanged, compared to its average volume of 27,483. Sangoma Technologies has a 52-week low of C$5.80 and a 52-week high of C$11.50. The company has a debt-to-equity ratio of 27.33, a current ratio of 0.86 and a quick ratio of 0.69. The company has a market capitalization of C$273.07 million, a price-to-earnings ratio of -38.81 and a beta of 1.20. The company's 50-day moving average price is C$8.02 and its two-hundred day moving average price is C$7.62.

About Sangoma Technologies

Sangoma Technologies Corp is a provider of hardware and software components that enable Internet protocol communications systems for both telecom and datacom applications. It is engaged in the development, manufacturing, distribution, and support of voice and data connectivity components for software-based communication applications.