Scotiabank Sticks to Its Buy Rating for MacDonald Dettwiler

By Ryan Adsit

MacDonald Dettwiler (TSX: MDA), the Consumer Goods sector company, was revisited by a Wall Street analyst on July 28. On July 28, analyst Paul Steep gave a Buy rating to MDA and set a C$77 price target.

According to TipRanks.com, Steep is ranked #2070 out of 4160 analysts.

Currently, the analyst consensus on MacDonald Dettwiler is Strong Buy and the average price target is C$83, representing a 20.5% upside.

In a report issued on July 14, RBC Capital also reiterated a Buy rating on the stock with a C$93 price target.

MacDonald Dettwiler’s market cap is currently C$2.51B and has a P/E ratio of 23.8.

MacDonald, Dettwiler & Associates Ltd. engages in the provision of operational solutions to commercial and government organizations worldwide. It operates through the following segments: Communications, and Surveillance and Intelligence.

The company’s shares closed on Friday at C$68.89.