Shares of Macdonald Dettwiler & Associates Ltd (TSE:MDA) have received a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$85.57.

Several brokerages have recently weighed in on MDA. TD Securities increased their price target on Macdonald Dettwiler & Associates from C$81.00 to C$84.00 and gave the stock a “buy” rating in a report on Monday, July 31st. Royal Bank Of Canada increased their price target on Macdonald Dettwiler & Associates from C$93.00 to C$94.00 and gave the stock an “outperform” rating in a report on Monday, July 31st. Scotiabank increased their price target on Macdonald Dettwiler & Associates from C$72.00 to C$78.00 and gave the stock an “outperform” rating in a report on Wednesday, June 28th. Canaccord Genuity upgraded Macdonald Dettwiler & Associates from a “hold” rating to a “buy” rating and increased their price target for the stock from C$70.00 to C$80.00 in a report on Monday, July 31st. Finally, CSFB increased their price target on Macdonald Dettwiler & Associates from C$93.00 to C$97.00 and gave the stock an “outperform” rating in a report on Tuesday, August 29th.

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Macdonald Dettwiler & Associates (MDA) traded down 1.25% during trading on Friday, hitting $67.82. The stock had a trading volume of 223,549 shares. The stock has a market cap of $2.47 billion and a price-to-earnings ratio of 24.22. The stock has a 50 day moving average price of $68.71 and a 200-day moving average price of $66.81. Macdonald Dettwiler & Associates has a 12 month low of $61.80 and a 12 month high of $82.28.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders 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 yield of 2.18%. The ex-dividend date is Thursday, September 14th.

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.

Analyst Recommendations for Macdonald Dettwiler & Associates (TSE:MDA)

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