Sierra Wireless, Inc. (SW) Receives Average Rating of “Hold” from Brokerages

Sierra Wireless, Inc. (TSE:SW) (NASDAQ:SWIR) has earned a consensus rating of “Hold” from the six research firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$31.60.

A number of equities research analysts have recently weighed in on SW shares. TD Securities dropped their price objective on shares of Sierra Wireless to C$36.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. Raymond James Financial, Inc. raised shares of Sierra Wireless from a “market perform” rating to an “outperform” rating and set a C$38.00 price objective on the stock in a report on Monday.

Shares of Sierra Wireless (SW) opened at C$29.46 on Tuesday. Sierra Wireless has a 1-year low of C$19.65 and a 1-year high of C$43.16.

In related news, Director August Daniel Schieler sold 4,829 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of C$19.20, for a total transaction of C$92,716.80. Also, insider Bill Gary Dodson sold 1,569 shares of the business’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of C$26.40, for a total transaction of C$41,421.60. Insiders have sold 13,250 shares of company stock valued at $272,917 over the last 90 days.

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Sierra Wireless Company Profile

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.

Analyst Recommendations for Sierra Wireless (TSE:SW)

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