MDA Space (TSE:MDA) Price Target Raised to C$33.00 at Scotiabank

MDA Space (TSE:MDA) had its target price increased by Scotiabank from C$29.00 to C$33.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 16.24% from the company’s previous close.

A number of other research firms also recently commented on MDA. Desjardins raised shares of MDA Space to a “moderate buy” rating in a research report on Wednesday, October 30th. Canaccord Genuity Group lifted their price objective on MDA Space from C$21.00 to C$27.00 in a report on Monday, November 4th. Royal Bank of Canada increased their target price on MDA Space from C$28.00 to C$30.00 in a report on Wednesday, November 20th. Ci Capital boosted their price target on MDA Space from C$15.00 to C$26.00 in a research note on Monday, November 18th. Finally, Cormark increased their price objective on shares of MDA Space from C$31.00 to C$38.00 in a research note on Wednesday. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$30.33.

MDA Space Stock Performance

Shares of MDA stock opened at C$28.39 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 45.79. The company has a 50 day moving average price of C$23.82 and a 200-day moving average price of C$17.27. MDA Space has a 52 week low of C$10.65 and a 52 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.

Insider Activity at MDA Space

In related news, Director Yung Cheng Wu acquired 3,800 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were purchased at an average price 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 MDA Space 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. 12.60% of the stock is owned by company insiders.

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.