Macdonald Dettwiler & Associates Ltd (TSE:MDA) had its target price cut by Scotiabank from C$78.00 to C$77.00 in a research note published on Monday, July 31st. They currently have an outperform rating on the stock.
Several other research analysts have also recently issued reports on MDA. TD Securities dropped their price objective on Macdonald Dettwiler & Associates from C$86.00 to C$83.00 and set a buy rating on the stock in a research note on Thursday, April 27th. Royal Bank Of Canada lowered their target price on Macdonald Dettwiler & Associates from C$95.00 to C$93.00 and set an outperform rating for the company in a report on Wednesday, May 3rd. Finally, Canaccord Genuity upgraded Macdonald Dettwiler & Associates from a hold rating to a buy rating and upped their target price for the stock from C$70.00 to C$80.00 in a report on Monday, July 31st. Six equities research analysts have rated the stock with a buy rating, The stock has an average rating of Buy and an average target price of C$85.00.
Shares of Macdonald Dettwiler & Associates (TSE:MDA) opened at 67.32 on Monday. The stock’s 50 day moving average price is $67.59 and its 200 day moving average price is $67.30. Macdonald Dettwiler & Associates has a 12-month low of $61.80 and a 12-month high of $90.23. The company has a market cap of $2.45 billion and a P/E ratio of 24.04.
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The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.37 per share. This is an increase from Macdonald Dettwiler & Associates’s previous quarterly dividend of $0.31. This represents a $1.48 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Thursday, September 14th.
In other Macdonald Dettwiler & Associates news, Director Robert L. Phillips bought 575 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were purchased at an average cost of C$62.98 per share, for a total transaction of C$36,213.50.
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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