MDA (TSE:MDA) PT Raised to C$15.00

MDA (TSE:MDAGet Free Report) had its price target increased by investment analysts at BMO Capital Markets from C$13.00 to C$15.00 in a report released on Thursday, BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 1.97% from the company’s previous close.

A number of other equities analysts have also recently issued reports on MDA. Scotiabank upped their price objective on shares of MDA from C$14.50 to C$16.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Citigroup upped their price objective on shares of MDA from C$11.00 to C$12.75 and gave the stock a “neutral” rating in a research report on Thursday, November 9th. Finally, Royal Bank of Canada upped their price target on shares of MDA from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, MDA currently has a consensus rating of “Moderate Buy” and a consensus target price of C$14.46.

Check Out Our Latest Report on MDA

MDA Price Performance

MDA stock opened at C$14.71 on Thursday. The company has a 50 day simple moving average of C$12.12 and a 200 day simple moving average of C$11.65. The stock has a market cap of C$1.76 billion, a price-to-earnings ratio of 40.86 and a beta of 0.05. MDA has a 1 year low of C$6.21 and a 1 year high of C$14.85. The company has a debt-to-equity ratio of 29.53, a current ratio of 1.12 and a quick ratio of 1.00.

Insider Buying and Selling at MDA

In other news, Director John Carter Risley sold 21,300 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of C$11.60, for a total value of C$247,080.00. Corporate insiders own 13.21% of the company’s stock.

About MDA

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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. It 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 acts as a distributor for other third party missions.

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