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

MDA Space (TSE:MDA) had its target price upped by Ci Capital from C$15.00 to C$26.00 in a research report report published on Monday morning,BayStreet.CA reports.

Several other research firms have also recently commented on MDA. Canaccord Genuity Group raised their target price on MDA Space from C$21.00 to C$27.00 in a research note on Monday, November 4th. BMO Capital Markets upgraded shares of MDA Space from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from C$15.00 to C$28.00 in a report on Monday, November 4th. Royal Bank of Canada raised their target price on MDA Space from C$18.00 to C$20.00 in a report on Friday, September 20th. Cormark lifted their target price on shares of MDA Space from C$19.00 to C$21.00 in a research report on Friday, August 9th. Finally, Scotiabank upped their target price on MDA Space from C$22.00 to C$25.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$27.83.

MDA Space Price Performance

MDA Space stock opened at C$26.46 on Monday. The stock has a 50-day moving average price of C$20.47 and a two-hundred day moving average price of C$15.84. MDA Space has a 12 month low of C$10.65 and a 12 month high of C$27.47. The company has a market capitalization of C$3.18 billion, a PE ratio of 69.84 and a beta of 0.02. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 45.79.

Insider Activity at MDA Space

In other MDA Space news, Director Michael Philip Greenley sold 175,000 shares of the firm’s stock in a transaction on Sunday, September 22nd. The stock was 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 company’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 value of C$347,017.50. Insiders sold 198,920 shares of company stock worth $3,281,370 in the last three months. 12.60% of the stock is owned by insiders.

About MDA Space

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.