TD Securities Increases Magellan Aerospace (TSE:MAL) Price Target to C$19.00

Magellan Aerospace (TSE:MAL - Get Free Report) had its price objective raised by research analysts at TD Securities from C$18.00 to C$19.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' price target indicates a potential upside of 56.12% from the company's previous close.

Magellan Aerospace Stock Down 1.1 %

Shares of TSE:MAL traded down C$0.13 during mid-day trading on Monday, hitting C$12.17. 12,003 shares of the company traded hands, compared to its average volume of 10,709. The company has a debt-to-equity ratio of 11.81, a quick ratio of 1.55 and a current ratio of 2.58. Magellan Aerospace has a 52-week low of C$7.77 and a 52-week high of C$12.50. The firm's 50 day simple moving average is C$10.01 and its 200 day simple moving average is C$10.06. The firm has a market cap of C$673.30 million, a P/E ratio of 34.82, a PEG ratio of -21.36 and a beta of 1.11.

About Magellan Aerospace

Magellan Aerospace Corporation, through its subsidiaries, engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe. The company offers aero engine products, such as laser welded honeycomb and filament wound tubes, frames, compressor components, bypass ducts, hot section components, and aeroengine and helicopter drive shafts, as well as other flight safety critical machined components, including discs, seals, and spacers; and aerostructures comprising landing gear systems, wing ribs, spars and skins, bulkheads and fuselage components, tailcone assemblies, composite wing and fairing structures, horizontal and vertical stabilizers, plug and nozzle, exhaust systems, crown modules, and vane boxes and transition ducts.