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Sangoma Technologies (TSE:STC) Given a C$11.00 Price Target at TD Securities

Sangoma Technologies logo with Computer and Technology background

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.
  • Five stocks to consider instead of Sangoma Technologies.

Sangoma Technologies (TSE:STC - Get Free Report) has been given a C$11.00 target price by investment analysts at TD Securities in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' price target indicates a potential upside of 42.86% from the stock's previous close.

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

Check Out Our Latest Analysis on Sangoma Technologies

Sangoma Technologies Stock Performance

Shares of TSE STC remained flat at C$7.70 during trading on Thursday. The stock had a trading volume of 4,286 shares, compared to its average volume of 27,561. Sangoma Technologies has a 1 year low of C$5.80 and a 1 year high of C$11.50. The company has a quick ratio of 0.69, a current ratio of 0.86 and a debt-to-equity ratio of 27.33. The company has a market capitalization of C$258.00 million, a price-to-earnings ratio of -36.67 and a beta of 1.20. The company has a 50 day simple moving average of C$8.07 and a 200 day simple moving average of C$7.63.

About Sangoma Technologies

(Get Free Report)

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.

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