MDA Space (TSE:MDA) Price Target Raised to C$34.00

MDA Space (TSE:MDA) had its price objective lifted by Scotiabank from C$28.50 to C$34.00 in a research report released on Monday,BayStreet.CA reports.

A number of other analysts have also recently weighed in on MDA. Canaccord Genuity Group upped their target price on shares of MDA Space from C$30.00 to C$34.00 in a research note on Friday, December 13th. Cormark upped their price objective on shares of MDA Space from C$31.00 to C$38.00 in a research note on Wednesday, December 11th. Citigroup upped their price objective on shares of MDA Space from C$26.00 to C$30.00 in a research note on Thursday, January 30th. Royal Bank of Canada upped their price objective on shares of MDA Space from C$28.00 to C$30.00 in a research note on Wednesday, November 20th. Finally, Ci Capital upped their price objective on shares of MDA Space from C$15.00 to C$26.00 in a research note on Monday, November 18th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$31.43.

MDA Space Stock Performance

TSE MDA opened at C$27.86 on Monday. The stock has a market cap of C$3.40 billion, a P/E ratio of 49.52 and a beta of 0.02. The company’s 50-day simple moving average is C$25.58 and its 200 day simple moving average is C$23.37. MDA Space has a twelve month low of C$11.44 and a twelve month high of C$30.00. The company has a quick ratio of 1.00, a current ratio of 0.83 and a debt-to-equity ratio of 34.94.

Insider Activity

In related news, Director John Carter Risley sold 61,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of C$28.06, for a total value of C$1,711,660.00. Also, Director Michael Philip Greenley sold 290,600 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$28.55, for a total transaction of C$8,296,630.00. 12.60% of the stock is owned by insiders.

MDA Space Company Profile

MDA Ltd. designs, manufactures, and services space robotics, satellite systems and components, and intelligence systems in Canada, the United States, Europe, Asia, the Middle East, and internationally. The company offers geointelligence solutions that use satellite-generated imagery and analytic services to deliver critical and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and distributes high resolution optical imagery, satellite-based automatic identification system data, and radio-frequency data for other third-party missions.