The stock of Macdonald Dettwiler & Associates Ltd (TSE:MDA) hit a new 52-week low and has $65.35 target or 3.00% below today’s $67.37 share price. The 5 months bearish chart indicates high risk for the $2.44 billion company. The 1-year low was reported on Dec, 1 by Barchart.com. If the $65.35 price target is reached, the company will be worth $73.20M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 45,771 shares traded hands. Macdonald Dettwiler & Associates Ltd (TSE:MDA) has declined 20.76% since April 27, 2016 and is downtrending. It has underperformed by 26.69% the S&P500.
Macdonald Dettwiler & Associates Ltd (TSE:MDA) Ratings Coverage
Out of 6 analysts covering MacDonald Dettwiler & Associates (TSE:MDA), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $107 is the highest target while $84 is the lowest. The $90.11 average target is 33.75% above today’s ($67.37) stock price. MacDonald Dettwiler & Associates has been the topic of 26 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, July 22 by RBC Capital Markets. Barclays Capital maintained the shares of MDA in a report on Thursday, October 29 with “Sector Perform” rating. The company was maintained on Monday, October 24 by RBC Capital Markets. As per Friday, July 29, the company rating was maintained by Scotia Capital.
MacDonald, Dettwiler and Associates Ltd. is a Canada communications and information company. The company has a market cap of $2.44 billion. The Firm provides operational solutions to commercial and government organizations across the world. It has a 21.93 P/E ratio. MDA operates through two divisions: Communications segment, and Surveillance and Intelligence segment.
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