Ci Capital Issues Positive Forecast for MDA Space (TSE:MDA) Stock Price

MDA Space (TSE:MDA) had its price target hoisted by Ci Capital from C$15.00 to C$26.00 in a research note released on Monday,BayStreet.CA reports.

MDA has been the topic of several other reports. Scotiabank upped their price target 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. BMO Capital Markets raised shares of MDA Space from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$15.00 to C$28.00 in a report on Monday, November 4th. Canaccord Genuity Group upped their price objective on shares of MDA Space from C$21.00 to C$27.00 in a research report on Monday, November 4th. Cormark upped their price objective on shares of MDA Space from C$19.00 to C$21.00 in a research report on Friday, August 9th. Finally, Royal Bank of Canada upped their price objective on shares of MDA Space from C$18.00 to C$20.00 in a research report on Friday, September 20th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$27.83.

MDA Space Price Performance

TSE:MDA opened at C$26.54 on Monday. MDA Space has a one year low of C$10.65 and a one year high of C$27.47. The company has a debt-to-equity ratio of 45.79, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of C$3.19 billion, a price-to-earnings ratio of 69.84 and a beta of 0.02. The firm’s fifty day moving average is C$20.25 and its two-hundred day moving average is C$15.76.

Insider Buying and Selling

In related news, 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. Also, Director John Carter Risley sold 22,500 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of C$15.42, for a total transaction of C$347,017.50. Insiders sold a total of 198,920 shares of company stock worth $3,281,370 in the last 90 days. 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.