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

MDA Space (TSE:MDA) had its target price upped by Cormark from C$31.00 to C$38.00 in a report issued on Wednesday morning,BayStreet.CA reports.

Several other equities analysts also recently weighed in on the company. Canaccord Genuity Group lifted their target price on MDA Space from C$21.00 to C$27.00 in a research report on Monday, November 4th. Scotiabank lifted their target price on MDA Space from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Desjardins upgraded MDA Space to a “moderate buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada lifted their target price on MDA Space from C$28.00 to C$30.00 in a research report on Wednesday, November 20th. Finally, Ci Capital lifted their target price on MDA Space from C$15.00 to C$26.00 in a research report on Monday, November 18th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, MDA Space has an average rating of “Buy” and a consensus price target of C$31.50.

MDA Space Stock Performance

MDA stock opened at C$28.50 on Wednesday. The company has a market cap of C$3.42 billion, a P/E ratio of 74.92 and a beta of 0.02. MDA Space has a 1 year low of C$10.65 and a 1 year high of C$29.98. 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 stock’s fifty day moving average price is C$24.04 and its 200-day moving average price is C$17.38.

Insider Activity

In other MDA Space news, Director Yung Cheng Wu acquired 3,800 shares of the stock in a transaction dated Friday, November 22nd. The shares were acquired 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 business’s stock in a transaction dated Sunday, September 22nd. The shares were sold at an average price of C$16.64, for a total value of C$2,911,632.50. Company 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.