MDA Space (TSE:MDA - Free Report) had its target price lifted by Scotiabank from C$28.50 to C$34.00 in a research note published on Monday morning,BayStreet.CA reports.
Other equities research analysts also recently issued research reports about the stock. Cormark upped their target price on shares of MDA Space from C$31.00 to C$38.00 in a research note on Wednesday, December 11th. Ci Capital raised their target price on shares of MDA Space from C$15.00 to C$26.00 in a research report on Monday, November 18th. Canaccord Genuity Group boosted their price target on MDA Space from C$30.00 to C$34.00 in a research report on Friday, December 13th. Royal Bank of Canada raised their target price on shares of MDA Space from C$28.00 to C$30.00 in a research note on Wednesday, November 20th. Finally, Citigroup lifted their price target on MDA Space from C$26.00 to C$30.00 in a report on Thursday, January 30th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of C$31.43.
View Our Latest Stock Report on MDA
MDA Space Trading Down 2.4 %
MDA stock traded down C$0.67 during midday trading on Monday, reaching C$27.19. The company's stock had a trading volume of 270,545 shares, compared to its average volume of 545,668. MDA Space has a 52 week low of C$11.44 and a 52 week high of C$30.00. The company has a quick ratio of 1.00, a current ratio of 0.83 and a debt-to-equity ratio of 34.94. The stock has a market cap of C$3.32 billion, a PE ratio of 48.33 and a beta of 0.02. The business's 50-day simple moving average is C$25.58 and its 200-day simple moving average is C$23.37.
Insider Activity at MDA Space
In related news, Director John Carter Risley sold 61,000 shares of the 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 transaction of C$1,711,660.00. Also, Director Michael Philip Greenley sold 290,600 shares of the firm's stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$28.55, for a total value of C$8,296,630.00. 12.60% of the stock is currently owned by corporate insiders.
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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