MDA Space (TSE:MDA) Price Target Raised to C$31.00 at Cormark

MDA Space (TSE:MDA) had its price target lifted by Cormark from C$30.00 to C$31.00 in a report issued on Monday,BayStreet.CA reports.

Several other equities analysts have also recently commented on the stock. Desjardins raised shares of MDA Space to a “moderate buy” rating in a research note on Wednesday, October 30th. 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. Ci Capital upped their target price on MDA Space from C$15.00 to C$26.00 in a research report on Monday. Scotiabank increased their price target on MDA Space from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets raised MDA Space from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from C$15.00 to C$28.00 in a research note on Monday, November 4th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, MDA Space has a consensus rating of “Buy” and a consensus target price of C$26.17.

MDA Space Price Performance

Shares of MDA opened at C$25.70 on Monday. MDA Space has a one year low of C$10.65 and a one year high of C$27.05. The stock’s fifty day moving average is C$20.03 and its 200-day moving average is C$15.69. The company has a debt-to-equity ratio of 45.79, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of C$3.09 billion, a price-to-earnings ratio of 66.29 and a beta of 0.02.

Insider Activity

In other news, Director Michael Philip Greenley sold 175,000 shares of the business’s 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 transaction of C$2,911,632.50. Also, Director John Carter Risley sold 22,500 shares of the firm’s stock in a transaction that occurred 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. In the last 90 days, insiders sold 198,920 shares of company stock worth $3,281,370. 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.