MDA Space Ltd. (TSE:MDA - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday after Royal Bank of Canada raised their price target on the stock from C$28.00 to C$30.00. The stock traded as high as C$27.47 and last traded at C$26.54, with a volume of 521626 shares traded. The stock had previously closed at C$26.37.
MDA has been the topic of a number of other reports. Cormark boosted their target price on shares of MDA Space from C$30.00 to C$31.00 in a report on Monday. Ci Capital raised their price objective on MDA Space from C$15.00 to C$26.00 in a research note on Monday. Canaccord Genuity Group raised their price objective on shares of MDA Space from C$21.00 to C$27.00 in a research note on Monday, November 4th. Desjardins raised MDA Space to a "moderate buy" rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets upgraded MDA Space from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from C$15.00 to C$28.00 in a research report on Monday, November 4th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, MDA Space has an average rating of "Buy" and an average target price of C$27.83.
Get Our Latest Report on MDA Space
Insider Buying and Selling
In other MDA Space news, Director Michael Philip Greenley sold 175,000 shares of MDA Space stock in a transaction that occurred on 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. Also, Director John Carter Risley sold 22,500 shares of the stock in a transaction on 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 have sold a total of 198,920 shares of company stock worth $3,281,370 in the last 90 days. Corporate insiders own 12.60% of the company's stock.
MDA Space Price Performance
The company's 50-day moving average is C$20.47 and its 200-day moving average is C$15.84. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 45.79. The firm has a market cap of C$3.18 billion, a price-to-earnings ratio of 69.84 and a beta of 0.02.
MDA Space Company Profile
(
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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. 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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