Macdonald Dettwiler & Associates Ltd (TSE:MDA) Price Target Increased to C$94.00 by Analysts at Royal Bank Of Canada

Macdonald Dettwiler & Associates Ltd (TSE:MDA) had its price target hoisted by investment analysts at Royal Bank Of Canada from C$93.00 to C$94.00 in a research report issued to clients and investors on Monday, July 31st. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 39.63% from the company’s previous close.

Several other research analysts have also recently issued reports on MDA. Scotiabank reissued a “sector perform” rating and issued a C$73.00 price objective on shares of Macdonald Dettwiler & Associates in a research note on Wednesday, April 26th. TD Securities lowered their target price on Macdonald Dettwiler & Associates from C$86.00 to C$83.00 and set a “buy” rating for the company in a report on Thursday, April 27th. 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 research analysts have rated the stock with a buy rating, Macdonald Dettwiler & Associates 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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In related news, Director Robert L. Phillips purchased 575 shares of the business’s stock in a transaction on Friday, June 9th. The shares were bought at an average cost of C$62.98 per share, with a total value of C$36,213.50.

Macdonald Dettwiler & Associates Company Profile

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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