MDA Space (TSE:MDA) Price Target Raised to C$30.00

MDA Space (TSE:MDA) had its price objective lifted by Citigroup from C$26.00 to C$30.00 in a report issued on Tuesday,BayStreet.CA reports.

MDA has been the topic of several other reports. Desjardins raised MDA Space to a “moderate buy” rating in a research report on Wednesday, October 30th. Canaccord Genuity Group upped their target price on MDA Space from C$30.00 to C$34.00 in a report on Friday, December 13th. Scotiabank raised their price target on shares of MDA Space from C$29.00 to C$33.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. BMO Capital Markets upgraded shares of MDA Space from a “market perform” rating to an “outperform” rating and upped their price objective for the company from C$15.00 to C$28.00 in a research note on Monday, November 4th. Finally, Cormark lifted their target price on shares of MDA Space from C$31.00 to C$38.00 in a research note on Wednesday, December 11th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$31.29.

MDA Space Trading Up 0.8 %

TSE MDA opened at C$28.54 on Tuesday. The firm’s 50 day moving average price is C$27.95 and its two-hundred day moving average price is C$20.65. The company has a debt-to-equity ratio of 45.79, a quick ratio of 1.00 and a current ratio of 1.00. MDA Space has a twelve month low of C$11.08 and a twelve month high of C$30.00. The stock has a market cap of C$3.43 billion, a price-to-earnings ratio of 75.11 and a beta of 0.02.

Insider Activity

In other MDA Space news, Director John Carter Risley sold 61,000 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of C$28.06, for a total transaction of C$1,711,660.00. Also, Director Michael Philip Greenley sold 9,700 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of C$28.60, for a total transaction of C$277,420.00. In the last quarter, insiders have sold 361,300 shares of company stock valued at $10,285,710. Insiders own 12.60% of the company’s stock.

MDA Space Company Profile

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.