CSFB Reiterates Outperform Rating for Macdonald Dettwiler & Associates Ltd (MDA)
Macdonald Dettwiler & Associates Ltd (TSE:MDA)‘s stock had its “outperform” rating reiterated by equities research analysts at CSFB in a research report issued on Tuesday. They currently have a C$93.00 price objective on the stock. CSFB’s price objective suggests a potential upside of 32.16% from the company’s previous close.
Other research analysts also recently issued research reports about the company. Scotiabank reaffirmed a “sector perform” rating and set a C$88.00 target price on shares of Macdonald Dettwiler & Associates in a report on Monday, August 1st. TD Securities reduced their target price on Macdonald Dettwiler & Associates from C$105.00 to C$100.00 and set a “buy” rating on the stock in a report on Friday, July 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$103.00 target price on shares of Macdonald Dettwiler & Associates in a report on Friday, July 22nd. RBC Capital Markets reduced their target price on Macdonald Dettwiler & Associates from C$103.00 to C$100.00 in a report on Monday, September 19th. Finally, National Bank Financial reaffirmed a “sector perform overweight” rating on shares of Macdonald Dettwiler & Associates in a report on Monday, September 26th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of C$91.75.
Shares of Macdonald Dettwiler & Associates (TSE:MDA) opened at 70.37 on Tuesday. The company has a 50 day moving average price of $76.33 and a 200-day moving average price of $82.92. The stock has a market capitalization of $2.56 billion and a P/E ratio of 22.53. Macdonald Dettwiler & Associates has a 1-year low of $69.52 and a 1-year high of $92.92.
In related news, insider Howard Lance purchased 11,656 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were acquired at an average cost of C$85.79 per share, for a total transaction of C$999,968.24.
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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