MDA Space (NYSE:MDA) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of MDA Space (NYSE:MDA) in a research report report published on Monday,Benzinga reports. The firm issued an overweight rating and a $34.00 target price on the stock.

Separately, Jefferies Financial Group initiated coverage on MDA Space in a report on Monday. They set a “buy” rating and a $41.00 target price on the stock. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $37.50.

MDA Space Trading Up 0.6%

NYSE:MDA traded up $0.17 during trading hours on Monday, reaching $29.57. 43,041 shares of the company traded hands, compared to its average volume of 854,222. MDA Space has a 1-year low of $23.23 and a 1-year high of $33.75.

About MDA Space

MDA Space Ltd is a developer and manufacturer of technology and services to the space industry. It is an international space mission partner and robotics, satellite systems, and geo-intelligence pioneer. It is engaged in communications satellites, Earth and space observation, space exploration, and infrastructure. The Company collaborates and partners with governments and space agencies, commercial space companies, and defence and aerospace prime contractors in the space industry. Geographically, it generates the majority of its revenue from Canada.