MDA Space (TSE:MDA) Price Target Raised to C$38.00

MDA Space (TSE:MDA) had its price objective increased by Cormark from C$31.00 to C$38.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Cormark’s target price suggests a potential upside of 33.85% from the stock’s current price.

A number of other research analysts have also weighed in on the company. BMO Capital Markets upgraded MDA Space from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$15.00 to C$28.00 in a report on Monday, November 4th. Canaccord Genuity Group raised their price objective on MDA Space from C$21.00 to C$27.00 in a research note on Monday, November 4th. Royal Bank of Canada lifted their price objective on shares of MDA Space from C$28.00 to C$30.00 in a report on Wednesday, November 20th. Scotiabank increased their target price on shares of MDA Space from C$22.00 to C$25.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Ci Capital raised their price target on shares of MDA Space from C$15.00 to C$26.00 in a research report on Monday, November 18th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, MDA Space presently has an average rating of “Buy” and a consensus target price of C$30.33.

MDA Space Trading Down 1.7 %

MDA opened at C$28.39 on Wednesday. MDA Space has a fifty-two week low of C$10.65 and a fifty-two week high of C$29.98. The firm has a market capitalization of C$3.41 billion, a PE ratio of 74.74 and a beta of 0.02. The company has a debt-to-equity ratio of 45.79, a current ratio of 1.00 and a quick ratio of 1.00. The company’s 50-day moving average is C$23.82 and its 200 day moving average is C$17.27.

Insider Buying and Selling at MDA Space

In related news, Director Yung Cheng Wu bought 3,800 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were purchased at an average cost of C$28.49 per share, for a total transaction of C$108,262.00. Also, Director Michael Philip Greenley sold 175,000 shares of the stock in a transaction that occurred on Sunday, September 22nd. The shares were sold at an average price of C$16.64, for a total transaction of C$2,911,632.50. Corporate insiders own 12.60% of the company’s stock.

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.