MDA Space (TSE:MDA) Given New C$34.00 Price Target at Canaccord Genuity Group

MDA Space (TSE:MDA) had its price target raised by Canaccord Genuity Group from C$30.00 to C$34.00 in a report issued on Friday,BayStreet.CA reports.

A number of other equities research analysts have also weighed in on MDA. Ci Capital boosted their price objective on MDA Space from C$15.00 to C$26.00 in a research report on Monday, November 18th. Desjardins raised shares of MDA Space to a “moderate buy” rating in a research note on Wednesday, October 30th. BMO Capital Markets raised MDA Space from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from C$15.00 to C$28.00 in a research note on Monday, November 4th. Cormark boosted their target price on shares of MDA Space from C$31.00 to C$38.00 in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada raised their price objective on MDA Space from C$28.00 to C$30.00 in a research note on Wednesday, November 20th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$31.50.

MDA Space Stock Performance

MDA Space stock opened at C$28.50 on Friday. The stock has a market cap of C$3.42 billion, a PE ratio of 75.00 and a beta of 0.02. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 45.79. The business’s 50-day moving average price is C$24.26 and its two-hundred day moving average price is C$17.57. MDA Space has a 12-month low of C$10.65 and a 12-month high of C$29.98.

Insiders Place Their Bets

In other MDA Space news, Director Michael Philip Greenley sold 9,700 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$28.60, for a total transaction of C$277,420.00. Also, Director Yung Cheng Wu acquired 3,800 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was purchased at an average cost of C$28.49 per share, with a total value of C$108,262.00. Insiders own 12.60% of the company’s stock.

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.