Citigroup Forecasts Strong Price Appreciation for MDA Space (TSE:MDA) Stock

MDA Space logo with Industrials background

MDA Space (TSE:MDA - Get Free Report) had its price objective increased by research analysts at Citigroup from C$26.00 to C$30.00 in a research report issued on Thursday,BayStreet.CA reports. Citigroup's target price would suggest a potential upside of 36.12% from the stock's current price.

MDA has been the topic of a number of other reports. BMO Capital Markets raised MDA Space from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from C$15.00 to C$28.00 in a research report on Monday, November 4th. Scotiabank boosted their price objective on MDA Space from C$29.00 to C$33.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Cormark boosted their price target on shares of MDA Space from C$31.00 to C$38.00 in a report on Wednesday, December 11th. Ci Capital upped their target price on shares of MDA Space from C$15.00 to C$26.00 in a research note on Monday, November 18th. Finally, Royal Bank of Canada boosted their target price on shares of MDA Space from C$28.00 to C$30.00 in a research note on Wednesday, November 20th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of C$31.29.

Read Our Latest Stock Analysis on MDA

MDA Space Stock Performance

MDA stock traded down C$1.02 on Thursday, reaching C$22.04. 1,020,855 shares of the company were exchanged, compared to its average volume of 513,906. The company has a debt-to-equity ratio of 45.79, a current ratio of 1.00 and a quick ratio of 1.00. MDA Space has a 12 month low of C$11.24 and a 12 month high of C$30.00. The stock's fifty day moving average price is C$27.96 and its 200 day moving average price is C$21.40. The firm has a market capitalization of C$2.65 billion, a PE ratio of 58.00 and a beta of 0.02.

Insider Activity at MDA Space

In other news, Director Michael Philip Greenley sold 9,700 shares of the business's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of C$28.60, for a total value of C$277,420.00. Also, Director John Carter Risley sold 61,000 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of C$28.06, for a total value of C$1,711,660.00. Over the last 90 days, insiders sold 361,300 shares of company stock worth $10,285,710. 12.60% of the stock is currently owned by company insiders.

About MDA Space

(Get Free Report)

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.

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