MDA Space Ltd. (TSE:MDA) Receives C$45.43 Consensus Target Price from Brokerages

MDA Space Ltd. (TSE:MDA) has earned a consensus rating of “Buy” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$45.43.

Several analysts have commented on MDA shares. Canaccord Genuity Group increased their target price on MDA Space from C$37.00 to C$51.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Royal Bank Of Canada reduced their price target on shares of MDA Space from C$45.00 to C$38.00 in a research note on Monday, November 17th. Morgan Stanley upgraded shares of MDA Space from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from C$32.00 to C$46.00 in a research note on Friday, January 16th. Scotiabank increased their price objective on shares of MDA Space from C$38.00 to C$42.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Finally, BMO Capital Markets raised their target price on MDA Space from C$36.00 to C$45.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th.

MDA Space Trading Up 1.6%

MDA Space stock opened at C$39.48 on Friday. The company has a current ratio of 0.83, a quick ratio of 1.00 and a debt-to-equity ratio of 34.94. The business’s fifty day simple moving average is C$33.53 and its two-hundred day simple moving average is C$32.88. MDA Space has a 12 month low of C$20.22 and a 12 month high of C$48.31. The company has a market capitalization of C$4.99 billion, a price-to-earnings ratio of 46.45 and a beta of -0.97.

Insider Buying and Selling at MDA Space

In related news, Director John Carter Risley sold 75,700 shares of MDA Space stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of C$27.17, for a total transaction of C$2,056,769.00. Following the transaction, the director owned 313,710 shares in the company, valued at approximately C$8,523,500.70. The trade was a 19.44% decrease in their position. Company insiders own 12.60% of the company’s stock.

About MDA Space

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators. AURORA technology enables constellations to extend communication networks to every corner of the globe with digital automation, and robotics.