Analysts Set Macdonald Dettwiler & Associates Ltd (MDA) Price Target at $84.14
Macdonald Dettwiler & Associates Ltd (TSE:MDA) has received a consensus rating of “Buy” from the eight research firms that are currently covering the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$84.14.
MDA has been the subject of a number of research analyst reports. Scotiabank reiterated a “sector perform” rating and issued a C$85.00 price target on shares of Macdonald Dettwiler & Associates in a research note on Tuesday, February 21st. TD Securities decreased their price target on Macdonald Dettwiler & Associates from C$97.00 to C$89.00 and set a “buy” rating for the company in a research note on Wednesday, February 15th. CIBC upgraded Macdonald Dettwiler & Associates from a “neutral” rating to an “outperform” rating and decreased their price target for the company from C$86.00 to C$83.00 in a research note on Monday, February 27th. Canaccord Genuity reiterated a “hold” rating and issued a C$75.00 price target on shares of Macdonald Dettwiler & Associates in a research note on Friday, January 27th. Finally, Royal Bank of Canada increased their price target on Macdonald Dettwiler & Associates from C$92.00 to C$95.00 and gave the company an “outperform” rating in a research note on Monday, February 27th.
Macdonald Dettwiler & Associates (TSE:MDA) traded down 0.44% during trading on Tuesday, hitting $69.68. The stock had a trading volume of 167,237 shares. Macdonald Dettwiler & Associates has a 52-week low of $63.52 and a 52-week high of $92.92. The stock’s 50-day moving average is $68.14 and its 200-day moving average is $70.59. The stock has a market capitalization of $2.54 billion and a PE ratio of 18.65.
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In other news, Director Eric Zahler acquired 1,000 shares of Macdonald Dettwiler & Associates stock in a transaction dated Friday, March 3rd. The stock was purchased at an average cost of C$65.42 per share, for a total transaction of C$65,420.00. Also, insider Anil Wirasekara acquired 3,000 shares of Macdonald Dettwiler & Associates stock in a transaction dated Thursday, March 2nd. The stock was purchased at an average price of C$66.70 per share, with a total value of C$200,100.00. Over the last 90 days, insiders bought 5,000 shares of company stock valued at $330,850.
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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