Brokerages Set Macdonald Dettwiler & Associates Ltd (MDA) Target Price at $85.57
Shares of Macdonald Dettwiler & Associates Ltd (TSE:MDA) have been given an average rating of “Buy” by the eight research firms that are currently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$85.57.
MDA has been the subject of several research reports. Scotiabank lifted their target price on shares of Macdonald Dettwiler & Associates from C$72.00 to C$78.00 and gave the company an “outperform” rating in a report on Wednesday, June 28th. CSFB lifted their target price on shares of Macdonald Dettwiler & Associates from C$93.00 to C$97.00 and gave the company an “outperform” rating in a report on Tuesday, August 29th. Canaccord Genuity upgraded shares of Macdonald Dettwiler & Associates from a “hold” rating to a “buy” rating and lifted their target price for the company from C$70.00 to C$80.00 in a report on Monday, July 31st. TD Securities boosted their price target on shares of Macdonald Dettwiler & Associates from C$81.00 to C$84.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. Finally, Royal Bank Of Canada boosted their price target on shares of Macdonald Dettwiler & Associates from C$93.00 to C$94.00 and gave the stock an “outperform” rating in a research note on Monday, July 31st.
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Shares of Macdonald Dettwiler & Associates (TSE MDA) traded up 0.61% on Friday, reaching $70.72. The company had a trading volume of 120,956 shares. Macdonald Dettwiler & Associates has a 1-year low of $61.80 and a 1-year high of $82.12. The company’s 50 day moving average price is $68.65 and its 200-day moving average price is $66.87. The stock has a market capitalization of $2.58 billion and a P/E ratio of 25.26.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.37 dividend. This is an increase from Macdonald Dettwiler & Associates’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, September 14th. This represents a $1.48 annualized dividend and a dividend yield of 2.09%.
About Macdonald Dettwiler & Associates
MacDonald, Dettwiler and Associates Ltd. (MDA) is a Canada-based communications and information company. The Company provides operational solutions to commercial and government organizations across the world. MDA operates through two segments: Communications segment, and Surveillance and Intelligence segment.
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