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

MDA Space (TSE:MDA) had its price target upped by Canaccord Genuity Group from C$30.00 to C$34.00 in a research report report published on Friday,BayStreet.CA reports.

Several other equities analysts have also issued reports on the company. Royal Bank of Canada upped their price target on MDA Space from C$28.00 to C$30.00 in a research note on Wednesday, November 20th. Ci Capital boosted their price target on shares of MDA Space from C$15.00 to C$26.00 in a report on Monday, November 18th. BMO Capital Markets upgraded MDA Space from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from C$15.00 to C$28.00 in a research report on Monday, November 4th. Desjardins raised shares of MDA Space to a “moderate buy” rating in a research note on Wednesday, October 30th. Finally, Cormark upped their price target on MDA Space from C$31.00 to C$38.00 in a research report on Wednesday, December 11th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$31.50.

MDA Space Stock Up 0.4 %

Shares of TSE:MDA opened at C$28.50 on Friday. MDA Space has a 12 month low of C$10.65 and a 12 month high of C$29.98. The company’s 50-day moving average price is C$24.26 and its two-hundred day moving average price is C$17.57. The firm has a market cap of C$3.42 billion, a P/E ratio of 75.00 and a beta of 0.02. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 45.79.

Insider Buying and Selling at MDA Space

In other news, Director Yung Cheng Wu acquired 3,800 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were purchased at an average cost of C$28.49 per share, with a total value of C$108,262.00. Also, Director Michael Philip Greenley sold 175,000 shares of the company’s stock in a transaction dated 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.

About MDA Space

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.