Macdonald Dettwiler & Associates Ltd (TSE:MDA) has been given a consensus recommendation of “Buy” by the eight ratings firms that are covering the company, MarketBeat reports. Six analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$85.00.
Several equities analysts have recently weighed in on the company. TD Securities lifted their price objective on Macdonald Dettwiler & Associates from C$81.00 to C$84.00 and gave the company a “buy” rating in a research note on Monday, July 31st. Royal Bank Of Canada raised their target price on Macdonald Dettwiler & Associates from C$93.00 to C$94.00 and gave the company an “outperform” rating in a report on Monday, July 31st. Scotiabank dropped their target price on Macdonald Dettwiler & Associates from C$73.00 to C$72.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 3rd. Finally, Canaccord Genuity upgraded Macdonald Dettwiler & Associates from a “hold” rating to a “buy” rating and raised their target price for the company from C$70.00 to C$80.00 in a report on Monday, July 31st.
In other Macdonald Dettwiler & Associates news, insider Howard Lance acquired 8,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were bought at an average cost of C$62.45 per share, for a total transaction of C$499,600.00. Also, insider Anil Wirasekara acquired 3,100 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were acquired at an average price of C$62.88 per share, for a total transaction of C$194,928.00. Insiders have acquired a total of 11,675 shares of company stock worth $730,742 over the last 90 days.
Macdonald Dettwiler & Associates (TSE MDA) traded down 0.59% during mid-day trading on Friday, hitting $68.74. 52,522 shares of the company were exchanged. Macdonald Dettwiler & Associates has a 12 month low of $61.80 and a 12 month high of $90.23. The stock has a market cap of $2.51 billion and a price-to-earnings ratio of 24.55. The firm has a 50 day moving average price of $67.19 and a 200 day moving average price of $67.53.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued 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 dividend yield of 2.14%. The ex-dividend date is Thursday, September 14th.
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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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