Sierra Wireless (TSE:SW) Upgraded at Raymond James Financial

Sierra Wireless (TSE:SW) (NASDAQ:SWIR) was upgraded by analysts at Raymond James Financial from a “market perform” rating to an “outperform” rating in a report released on Monday, November 27th, reports. The brokerage presently has a C$38.00 price objective on the stock. Raymond James Financial’s target price would indicate a potential upside of 36.54% from the stock’s current price.

Separately, TD Securities decreased their price target on shares of Sierra Wireless to C$36.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of C$31.60.

Sierra Wireless (TSE:SW) opened at C$27.83 on Monday. Sierra Wireless has a 1-year low of C$20.89 and a 1-year high of C$43.16.

In related news, Director Kent Paul Thexton acquired 2,000 shares of Sierra Wireless stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average price of C$24.55 per share, for a total transaction of C$49,100.00. Also, insider Bill Gary Dodson sold 1,569 shares of Sierra Wireless stock in a transaction that occurred 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. In the last three months, insiders sold 13,250 shares of company stock worth $272,917.

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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.

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