MDA Space (TSE:MDA) Price Target Raised to C$30.00 at Royal Bank of Canada

MDA Space (TSE:MDA) had its price target hoisted by Royal Bank of Canada from C$28.00 to C$30.00 in a research report released on Wednesday,BayStreet.CA reports.

Several other research firms have also issued reports on MDA. Cormark boosted their price target on MDA Space from C$30.00 to C$31.00 in a report on Monday, November 18th. Ci Capital increased their price objective on shares of MDA Space from C$15.00 to C$26.00 in a research note on Monday, November 18th. Desjardins upgraded shares of MDA Space to a “moderate buy” rating in a research note on Wednesday, October 30th. Scotiabank increased their target price on MDA Space from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Canaccord Genuity Group boosted their price target on MDA Space from C$21.00 to C$27.00 in a report on Monday, November 4th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, MDA Space presently has a consensus rating of “Buy” and a consensus target price of C$27.83.

MDA Space Stock Up 0.6 %

MDA opened at C$26.63 on Wednesday. The firm’s 50 day simple moving average is C$20.92 and its two-hundred day simple moving average is C$16.02. The company has a market capitalization of C$3.20 billion, a PE ratio of 70.08 and a beta of 0.02. MDA Space has a 1-year low of C$10.65 and a 1-year high of C$27.47. 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 Buying and Selling

In other MDA Space news, 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 transaction of C$347,017.50. Also, Director Michael Philip Greenley sold 175,000 shares of the firm’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 value of C$2,911,632.50. Over the last three months, insiders have sold 198,920 shares of company stock worth $3,281,370. Corporate 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.