Royal Bank Of Canada Cuts Macdonald Dettwiler & Associates Ltd (MDA) Price Target to C$100.00
Macdonald Dettwiler & Associates Ltd (TSE:MDA) had its price objective trimmed by Royal Bank Of Canada from C$103.00 to C$100.00 in a research note released on Monday morning, StockTargetPrices.com reports. The brokerage currently has an outperform rating on the stock.
Other analysts also recently issued reports about the stock. Scotiabank reaffirmed a sector perform rating and issued a C$88.00 price objective on shares of Macdonald Dettwiler & Associates in a report on Tuesday, July 26th. TD Securities reaffirmed a buy rating and issued a C$105.00 price objective on shares of Macdonald Dettwiler & Associates in a report on Tuesday, July 19th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Buy and an average target price of C$94.57.
Shares of Macdonald Dettwiler & Associates (TSE:MDA) opened at 81.01 on Monday. The company’s 50 day moving average price is $85.80 and its 200 day moving average price is $85.30. The firm has a market capitalization of $2.94 billion and a price-to-earnings ratio of 23.91. Macdonald Dettwiler & Associates has a 52-week low of $71.61 and a 52-week high of $92.92.
In related news, insider Peter Louis sold 5,000 shares of the business’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of C$87.86, for a total value of C$439,300.00. Also, insider Howard Lance bought 11,656 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The stock was purchased at an average price of C$85.79 per share, with a total value 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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