TD Securities Lowers Sierra Wireless, Inc. (SW) Price Target to C$36.00
Sierra Wireless, Inc. (TSE:SW) (NASDAQ:SWIR) had its target price lowered by TD Securities to C$36.00 in a note issued to investors on Friday, StockTargetPrices.com reports. The firm presently has a “hold” rating on the stock. TD Securities’ target price points to a potential upside of 28.76% from the company’s current price.
Shares of Sierra Wireless (TSE SW) traded down C$0.79 during trading hours on Friday, hitting C$27.96. 416,591 shares of the company’s stock were exchanged.
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In other news, Director August Daniel Schieler sold 3,085 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of C$21.55, for a total value of C$66,481.75. Also, Director Jason W. Cohenour sold 11,298 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of C$23.00, for a total transaction of C$259,854.00. In the last 90 days, insiders sold 20,383 shares of company stock valued at $464,936.
About Sierra Wireless
Sierra Wireless, Inc is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity.
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